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>
Answer:
B C F
Explanation:
had human qualities, worshiped multiple gods, there was a God for every aspect of life
Answer: The definition of parole is the release of a prisoner temporarily (for a special purpose) or permanently before the completion of a sentence, on the promise of good behavior.
Answer:
c. replication study.
Explanation:
Replication study: In research, the term "replication study" is denoting the repetition of a particular research study mainly with distinct participants and distinct situations, in order to describe if the primary findings of the "original study or research" can be implemented in other circumstances and participants.
Types:
Literal replication.
Construct replication.
In the question above, the given statement represents "replication study".
The correct answer is a cost advantage.
A cost advantage is when a producer or seller can offer a product at a much lower price due to a variety of advantages.
