View source for Sacrifice ratio

[[Sacrifice ratio]] is the number of percentage points of a year's real GDP that must be forgone to reduce inflation by 1 percentage point.

==Definition==
According to [[Macroeconomics by Mankiw (7th edition)]],
:[[Sacrifice ratio]]. The number of percentage points of a year's real GDP that must be forgone to reduce inflation by 1 percentage point.

[[Category: Economics]][[Category: Articles]]