Answer:
A. The country has a high inflation rate and rapid economic growth.
Explanation:
A contractionary monetary policy aims at limiting the amount of money supply in the economy. Contractionary monetary policies discourage banks from lending out money to businesses and households. If firms and individuals have no easy access to credit, the level of investments and consumption declines, resulting in slower economic growth.
Contractionary monetary policies are also used to tame a high inflation rate. Inflation is the general increase in prices in the economy. It may arise due to a high economic growth rate. Because contractionary policies decrease the supply of money in the economy, less liquidity reduces the aggregate demand, thereby curbing increasing prices.
<span>Answer:
This passage refers to the process of changing the past, which is Winston's job. By controlling the past, the Party is able to manipulate the minds of Party members.</span>
Answer:
Explanation:
The net book value of the property(land and building) at the end of year 2
Building(89,000 + 7,000 + 16,000) 112,000
Less; Depreciation for 2 years(10,200*2) (20,400) 91,600
Land(107,000 + 3,000) 110,000
Net book value of property 201,600
Answer:
Option (C) is correct.
Explanation:
Actual output = 5100 units
Actual direct labor-hours = 3,380 hours
Actual direct labor cost = $74,698
The labor rate variance:
= (Actual Hours × Actual rate ) - ( Actual Hours × Standard Rate)
= $74,698 - ( 3,380 Hours × $20.40 Per Hour)
= $74,698 - $68,952
= $5,746 U
Since, the Actual is more than the Standard, the Variance is Unfavorable
Hence, the correct answer is $ 5,746 U
Answer: 26.5% increase
Explanation:
Current profit = Sales - Variable costs - fixed costs
= ((32.50 - 16.50) * 360 bears) - 1,420
= $4,340
Sales increase by 20% = 360 * ( 1 + 20%) = 432 bears
New profit;
= ((32.50 - 16.50) * 432 bears) - 1,420
= $5,492
Effect of sales increase = ( 5,492 - 4,340) / 4,340
= 26.5% increase
