Answer:
Myron gains, while the bank loses.
Explanation:
Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.
In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .
Answer:
$971.52
Explanation:
Larry's fixed costs for using his car are $435 per month. He has to pay this even if he drove zero miles during the month.
The variable cost is 34 cents per mile, and he drove a total of 1,578 miles, therefore:
34 x 1,578 = 536,52 dollars.
As a result, his total costs are:
435 in fixed costs + 536,52 in variable costs = 971.52
Answer:The classical economist would advocate for free trade, that there should be no artificial influence on the market and that the recession period will be automatically corrected by the forces of demand and supply.
The Keynessian economist will advocate that there should be a direct influence on the market like influence greater demand in the period of recession and reducing the Consumers propensity to consume in a period of expansion.
Answer: Monetary unit assumption
Explanation: The monetary unit of assumption states that every transaction of the business can be expresses in relation to monetary units and these units will be stable over time. The key point in this assumption is that it assumes monetary units to be stable and dependable.
In the given case, Lawton records transactions in dollars and disregards changes in value of dollars over time. Hence, we can conclude that Lawton is following monetary unit assumption.
