The amount of output lost when the inflation rate is reduced by one percentage point is called
a. the sacrifice ratio.
b. Okun's law.
c. the Solow residual.
d. Planck's constant.
Answer: A
The amount of output lost when the inflation rate is reduced by one percentage point is called
a. the sacrifice ratio.
b. Okun's law.
c. the Solow residual.
d. Planck's constant.
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