Q
If the sacrifice ratio is five, a reduction in inflation from 7 percent to 3 percent would require ?
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A
A. A reduction in output of 20 percent
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B
B. A reduction in output of 5percent
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C
C. A reduction in output of 15 percent
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D
D. A reduction in output of 35 percent
Correct Answer:
A. A. A reduction in output of 20 percent
