A country is likely to have a higher sacrifice ratio if
a. contracts are shorter, and people believe the central bank will reduce inflation.
b. contracts are longer, and people believe the central bank will not reduce inflation
c. contracts are longer, and people believe the central bank will reduce inflation.
d. contracts are shorter, and people believe the central bank will not reduce inflation.
b
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The unionized percentage of the labor force in the United States has been increasing steadily since the 1950s.
Answer the following statement true (T) or false (F)
U.S. imports are most likely to increase when
A. U.S. GDP decreases. B. U.S. unemployment rates fall. C. U.S. prices fall. D. foreign prices rise.
If a bank has demand deposits of $100 million, how much are its required reserves?
What will be an ideal response?
One of the strongest reasons that oligopolies exist is due to
A) the homogeneity of their products. B) marginal cost pricing. C) lowest cost production. D) economies of scale.