If People in Countries That Have Had Persistently High Inflation

question 44

Multiple Choice

If people in countries that have had persistently high inflation are skeptical about efforts to reduce inflation, the short-run Phillips curve will remain far to the

• A)left, and the sacrifice ratio will be low.
• B)left, and the sacrifice ratio will be high.
• C)right, and the sacrifice ratio will be low.
• D)right, and the sacrifice ratio will be high.

---

Definitions:

Insulin

A biochemical agent generated by the pancreas, critical for managing blood glucose concentrations by assisting glucose's movement into various tissues.

Hypothalamus

Located beneath the thalamus, it functions as a control center for the autonomic nervous system and the activity of the pituitary gland, essential in maintaining body temperature, managing thirst and hunger, and guaranteeing the stability of the body's key homeostatic functions.

Blood Glucose Levels

The concentration of glucose present in the blood, crucial for maintaining metabolic health.

Ghrelin Secretions

The release of the "hunger hormone" ghrelin by the stomach, which signals the brain to stimulate appetite and intake of food.