Which of the following would most likely imply a small sacrifice ratio?
A) a steep short run Phillips Curve
B) long implementation lags
C) low government and central bank credibility
D) a gradualist approach to disinflation
E) time-inconsistent fiscal policy-making
Correct Answer:
Verified
Q27: The next questions refer to the following.
Suppose
Q28: A tax cut
A) pushes the inflation-unemployment coordinates
Q29: The next questions refer to the following.
Suppose
Q30: In the long run,the Phillips Curve
A) slopes
Q31: Central bank independence
A) allows the central bank
Q32: The next questions refer to the following.
Suppose
Q34: The sacrifice ratio is likely to be
Q35: Time-inconsistency in monetary policy is most likely
Q36: Consider the following Canadian data. Year Inflation
Q37: Empirically,those nations with the strongest,most independent central
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