A central bank disinflates. Output is 4% less for one year, 3% less the next year, and 2% less the third year. If inflation fell by 2 percentage points, what was the sacrifice ratio?
9/2 = 4.5
Economics
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a. True b. False
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The maximum price that consumers are willing to pay for the hundredth unit of a good can be found as...
What will be an ideal response?
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