1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qwelly [4]
3 years ago
6

Why is inflation both good and bad how does the government try to control it?

Business
1 answer:
Kaylis [27]3 years ago
6 0
<span>Inflation is good because it keeps the economy growing as wages increase and demand for goods goes up, but if inflation gets high then the economy can become overheated when prices go up too fast and people can't afford goods. The Federal Reserve Bank, if you're in the USA, will then raise interest rates to make loans more expensive and rewarding people for not spending money, which slows down the economy back to a healthy state.</span>
You might be interested in
Which of the following are etiquette guidelines that promote positive workplace conversations?a. Avoid discussions of art and cu
Alina [70]

Answer:

The correct answers are letters "B", "C", and "D": Give sincere and specific praise; Act professionally in social situations; Use correct names and titles.

Explanation:

Keeping a safe environment at the workplace implies following a set of good practices that benefit employees individually and to the overall organization. Greeting each other respectfully at the beginning of the day and farewelling coworkers on the way out of work are basic, simple customs that promote a familiar atmosphere.

Besides, <em>giving praise</em> after achieving certain goals; <em>acting professionally in the company's casual events</em>; or, <em>referring to each other with titles accordingly</em> also contribute to promoting a peaceful environment at work.

3 0
3 years ago
Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased fr
andreyandreev [35.5K]

Answer:

Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased from 4.8% to 6.2%. The sacrifice ratio is:______

d. none of the above

Explanation:

a) Data and Calculations:

Old inflation rate = 3%

New inflation rate = 1.6%

Old unemployment rate = 4.8%

New unemployment rate = 6.2%

Ratio of old inflation rate to old unemployment rate = 3 : 4.8 = 0.625

Ratio of new inflation rate to new unemployment rate = 1.6% : 6.2% = 0.258

Sacrifice ratio = Difference between the two ratios = 0.367 (0.625 - 0.258)

b) The sacrifice ratio is the difference between the old ratio and the new ratio of inflation rate to unemployment rate.

6 0
3 years ago
High SchoolBusiness7 days ago Canada has a market economy. As such, Canada's economy (relative to centrally planned economies) t
kati45 [8]

Answer:

D) productive efficiency and allocative efficiency but not necessarily equity.

Explanation:

Countries that have a market economy are capitalistic countries and those that favor command economies (centrally planned) are called socialist countries. No country is totally capitalistic (since governments, taxes, regulations, etc., exist), and no country is totally socialist either. But countries are classified depending on which economic system they favor.

Canada favors free markets, and by doing so, it allows market forces to allocate resources. Consumers are free to decide what to buy and at what price, and producers are free to decide what to sell and at what price. Since private actors are free to decide how to allocate resources, they are allocated more efficiently.

But the negative aspect of capitalism is that income and wealth distribution is very unequal.

7 0
3 years ago
In 2019, Bonita Industries sold 3000 units at $1000 each. Variable expenses were $700 per unit, and fixed expenses were $780000.
solniwko [45]

Answer:

Bonita’s break-even point in units for 2020 is 812.50 units.

Explanation:

Break-even point in units refers to the number of units of commodity that must sold by a company in order for its cost to be equal to revenue and therefore make no profit but also no loss. This can be determined for Bonita Industries as follows:

Selling price in 2020 = Selling price in 2019 * (100% - Percentage cut in selling price) = $1,000 * (100% - 40%) = $1,000 * 96% = $960

Variable expenses = $700

Fixed expenses = $780,000

Contribution per unit = Selling price in 2020 - Variable expenses = $960 - $700 = $260

Bonita’s break-even point in units for 2020 = Fixed expenses / Contribution per unit = $780,000 / $960 = 812.50 units

Therefore, Bonita’s break-even point in units for 2020 is 812.50 units.

8 0
3 years ago
The following costs were for Optimal View Inc., a contact lens manufacturer: Output Fixed Cost Variable Cost Total Costs 270 $ 5
Anastasy [175]

Answer:

Per unit total cost $49.00

Explanation:

The per unit total cost is as follows;

Particulars     Total Costs    Output

High level     $21,300           420

Low level     $15,300           270

Difference   $6,000            150

Unit variable cost 40 ($6000 ÷ 150)

Fixed cost $4,500 ($21,300 - (420 × 40) )

Total cost at 500 lenses $24,500 ($4,500 + (500*40))

Per unit total cost $49.00 ($24,500 ÷ 500)

8 0
3 years ago
Other questions:
  • How do the Iowa Caucuses work?
    12·1 answer
  • Sam has taxable income of $350,000 dollars. Sam's nephew Adam has taxable income of $3,500. What federal income tax rate applies
    12·1 answer
  • The U.S. Treasury bill is yielding 3.0 percent and the market has an expected return of 11.6 percent. What is the Treynor ratio
    13·1 answer
  • The Draper Corporation is considering dropping its Doombug toy due to continuing losses. Data on the toy for the past year follo
    7·1 answer
  • What is the expected return on an equally weighted portfolio of these three stocks? (Do not round intermediate calculations and
    8·1 answer
  • Helen, age 17, wanted to buy a motorcycle. She did not have the money to pay cash but persuaded the dealer to sell a cycle to he
    11·1 answer
  • In a command economy, decisions about which goods are produced are based on:
    14·1 answer
  • The average wholesale price a company is charging camera retailers for its models is deemed to be competitive with the average w
    12·1 answer
  • In a(n) ________, two or more companies at one level join together to follow a new marketing opportunity.
    14·1 answer
  • If the sales volumes in the east and west regions had been reversed, what would be the company’s overall break-even point in uni
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!