Answer:
Wealth will be redistributed from creditors to debtors
Explanation:
Deflation refers to the general fall in the price level of goods and services when rate of inflation becomes lesser than 0%.
Due to the fall in the price level, goods and services become cheaper, credit providers reduce the quantum of credit provided.
Fall in the prices leads to lower expenditure by the purchasers owing to lower level of confidence and such buyers delay their purchases.
Deflation increases the purchasing power of consumers since at the same level of income, buyers can now buy more compared to previously.
Hence, those who earn fixed pension observe an increase in the value of such pension.
Answer:
$39,000
Explanation:
Down payment refers to the amount that Mr. Coffey paid upfront at the time of purchasing the house. It is usually a percentage of the total cost and is paid in a lump sum.
In this case, Mr. Coffey 20 % of the cost of the house
i.e., 20% of $195,000
=20/100 x $195,000
=0.2x$195,000
=$39,000
Answer: 17 pet rocksAssumption - Rosa dug the pet rocks in her backyard thus zero cost for inputs.Given: Selling price/rock - $5Rent of table - $5Package cost/rock - $2X = the minimum number of pet rocks to be sold to gain profit5X=50+2X5X-2X=503X=50X=50/3
Answer:
because community have a lot nice nickname in it . we have a clean nice community
Answer:
An increase in income will increase tax revenue because the more taxes and tax write-offs will lead to more in tax returns.
Explanation:
The more income you make the more taxes you will pay, after write-offs you will end up earning more back in tax returns than you would if you made less