A low sacrifice ratio would make a central bank less willing to reduce the inflation rate.

Name: A low sacrifice ratio would make a central bank less willing to reduce the inflation rate.
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Question

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A low sacrifice ratio indicates that only a small amount of economic output is lost for each unit reduction in inflation, making a central bank more willing to reduce the inflation rate because the cost in terms of lost output is lower.

A Low Sacrifice Ratio Would Make a Central Bank Less