What is the term for an anti-inflation policy that involves announcing and executing tough measures to stop inflation?
A) cold turkey
B) cold chicken
C) chokehold
D) time-inconsistency

Question

What is the term for an anti-inflation policy that involves announcing and executing tough measures to stop inflation?  
A) cold turkey 
B) cold chicken 
C) chokehold 
D) time-inconsistency

Quizplus · Accepted Answer

Cold turkey is a commonly used term for an anti-inflation policy that involves announcing and executing tough measures to stop inflation. This approach involves taking immediate and drastic actions to reduce inflation without any gradual steps or phased-in measures. It is likened to quitting a habit 'cold turkey,' i.e., ceasing something abruptly rather than gradually.

What Is the Term for an Anti-Inflation Policy That Involves