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Economics
MEDIUM
ENGLISH
Economics
If the sacrifice ratio is five, a reduction in inflation from 7 percent to 3 percent would require ?
a reduction in output of 20 percent
Correct answer
B
a reduction in output of 5percent
Option B
C
a reduction in output of 15 percent
Option C
D
a reduction in output of 35 percent
Option D
Correct answer: A
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