An anti-inflation policy that involves announcing and executing tough measures to stop inflation is called
A)cold turkey
B)cold chicken
C)hot water
D)chokehold
E)time-inconsistency

Question

Quizplus · Accepted Answer

Cold turkey is a phrase used to describe a sudden and complete cessation of something, typically drugs or habits. In an anti-inflation policy context, it means implementing drastic measures to stop inflation immediately without any gradual phase-out. This approach may seem harsh, but it has often been effective in controlling inflation.

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