J.M. Keynes developed the aggregate expenditure (AE) model as a solution to the unemployment and rising inflation issues in the 1930s.
<h3>Quiz: What did John Maynard Keynes contend?</h3>
According to John Maynard Keynes, the government can help stabilize an unstable economy. Prices and wages, according to Keynesians, were sticky or slow to adjust. In 1936, Keynes released The General Theory. Macroeconomics' founding father is well-known.
<h3>What is the aggregate expenditures model's central thesis?</h3>
We are aware that there is a correlation between a country's expenditure level and its real GDP/national income level in the aggregate expenditure model, which is positive. As a result, higher spending levels will stimulate higher income, which will in turn support higher economic expenditure, and vice versa.
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Answer: The empire was split into the western and eastern sections in 395 AD. The empire weakened beginning in 395 AD and fell in 476 AD.
Explanation:
- The Roman Empire was divided into east and west in 376 AD. The Roman emperor Theodosius was the first to share the empire by his sons, Honorius received the western part and Arcadius the eastern part of the empire. The Roman Empire, at that moment, had a vast surface area. In the opinion of many historians, the effort to divide the empire was the result of the desire to control and hold such a massive space more comfortable to manage.
- However, after the division of the empire into east and west, there was a weakening. The new young rulers did not prove successful, leading to a weakening. The continuity of the empire's decline will continue throughout the fifth century. Poor politics, hiring troops, the economic change will eventually lead to the fall of the 476th empire. The last Roman emperor Romulus Augustus was removed from power by the barbarian warlord Odoakarus and declared himself emperor.
Answer:
The shortage requires choice because it causes an economic imbalance, very damaging to the state, and it is necessary that the governors make choices that allow the economic balance to be established, with time.
The price of this choice is usually to allow inflation to rise.
Explanation:
Scarcity is an economic term used to describe a time when there is an imbalance between demand and supply within a region. This imbalance is generated when demand is much greater than supply, which causes many economic and even social problems for a country.
In this case, scarcity forces governments and companies to choose, maintain scarcity and try to produce more of the product, or impose that companies increase the price of products by limiting their purchase. However, this allows inflation in the country to increase and the circulation of money to decrease.
The correct answer is: "a handbook of government statistics
".
Government statistics are collected using objective measurament techniques and published by an official source.
The other three sources are not official, and probably, not objective as well. On the first hand, the information contained in a press realease from a company or in a claim in a political commercial, is subjected to the profit-maximization interests of a private company. On the other hand, a blog entry is very likely biased by the subjective opinion of its author.
Answer: Egyptian civilization developed along the Nile River in large part because the river's annual flooding ensured reliable, rich soil for growing crops. Repeated struggles for political control of Egypt showed the importance of the region's agricultural production and economic resources. And Most Egyptians lived near the Nile as it was a source of water, which provided an excellent soil for growing crops, as well as being used for transportation. Hardly any rain falls in Egypt, therefore the floods that occurred from the River Nile provided the only regular source of moisture to sustain crops.
Explanation: Hope this helps