Pedro is a Keynesian economist and argues that in a downturn, state intervention is the key for economic recovery.
Keynesians believe that GDP (Gross Domestic Product) is positively influenced by aggregate demand. Hence, in order to boost GDP growth after a downturn, the state should step in the economy by increasing public expenditure. This will help to create job positions, increase the disposable income of households and therefore increase overall demand for goods and services.
If more goods and services are demanded, the same cycle restarts as firms would hire more staff in order to increase production to a greater extent to meet the new necesities. The more people who is employed, the more income avilable to continue increasing private expenditure and investments, which in turn GDP and bring economic growth.
<em><u>To make it clearer, the following is the GDP formula for a certain time period</u></em>
<em>GDP = Private Consumption + Private investment + Public expenditure + Exports - Imports </em>
The answer is 2 (two). Based on the given information by the
textbook, an individual can predict that Hoshi will get 2 (two) inches taller
when she turns nine years old. Yet it is still a prediction and we cannot say
that Hoshi may get taller than two inches when she turns nine.
Answer:
Pantaenus, the founder and first dean of the Didascalia, helped the Egyptian people bridge the gap between Dynastic Egypt and the new era by promoting the use of the Greek alphabet instead of the Demotic ("cursive" hieroglyphics) in translations of the Bible as well as in the writing of religious theses and letters.
Explanation:
More than <span>45 million people</span>
