An anti-inflation policy that involves announcing and executing tough measures to stop inflation is called _____.
A)cold turkey
B)red tape
C)a pork-barrel policy
D)chokehold
E)time-inconsistency

Question

Quizplus · Accepted Answer

An anti-inflation policy that involves announcing and executing tough measures to stop inflation abruptly is called a "cold turkey" policy. The other options are not relevant to anti-inflationary policies. Red tape refers to bureaucratic delays and inefficiencies. A pork-barrel policy involves the allocation of government funds to benefit a particular group, without regard for the greater public good. A chokehold refers to a wrestling move or a figurative term for intense control, but it is not applicable to anti-inflation policies. Time-inconsistency refers to a phenomenon where policymakers make promises early on but fail to follow through later.

An Anti-Inflation Policy That Involves Announcing and Executing Tough Measures