Cold turkey policy seeks to reduce inflation very quickly by pushing up unemployment very high compared to gradualist policy. For a given Phillips curve coefficient, total output loss (or rise in unemployment) is the same but takes place over fewer years. So sacrifice ratio is the same. But if the disinflation is credible, in a cold turkey policy expected inflation will fall more sharply than inflation falls. Hence, the economy returns to long run equilibrium even quicker than predicted by the numerical values in the existing EAPC. Hence the total sacrifice and the sacrifice ratio turns out to
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