In general, the sacrifice ratio will be greater, the
A) longer it takes to revise inflationary expectations downwards.
B) shorter it takes to revise inflationary expectations downwards.
C) shorter it takes to revise inflationary expectations upwards.
D) longer it takes to revise inflationary expectations upwards.
E) lower is the rate of unemployment.
Correct Answer:
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Q1: The sacrifice ratio is calculated by
A)dividing the
Q2: If the unemployment rate is less than
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