The sacrifice ratio of the Volcker disinflation was larger than previous estimates had predicted.
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Q47: In a famous article published in 1958,
Q48: The sacrifice ratio is the percentage point
Q49: If asset prices fall and inflation expectations
Q50: If the Fed reduces inflation by 2
Q51: A low sacrifice ratio would make a
Q53: If expected inflation increases, the short-run Phillips
Q54: Suppose that businesses become less optimistic about
Q55: Government expenditures increase. What happens to the
Q56: If consumer confidence rises and inflation expectations
Q57: U.S. monetary policy in the early 1980s
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