Sacrifice ratio
Revision as of 19:17, 2 July 2020 by Kainat9 (talk | contribs) (Created page with "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 Macr...")
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.
