Sacrifice ratio/Definition: Difference between revisions
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imported>Nick Gardner (New page: <noinclude>{{Subpages}}</noinclude> The loss of output that results from policy action to reduce the inflation rate; defined as the loss of output per one percent fall in the inflation rat...) |
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Latest revision as of 05:40, 25 November 2009
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Sacrifice ratio [r]: The loss of output that results from policy action to reduce the inflation rate; defined as the loss of output per one percent fall in the inflation rate.