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>
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The correct answer would be, Geographic Segmentation.
As a result, the company's plants in Texas and California produce hotter nacho cheese sauce than is produced in its other plants. This is Geographic Segmentation.
Explanation:
When markets or consumers are divided into groups or segments on the basis of some shared characteristics, then this is called as the Market Segmentation.
When market is divided on the basis of geographic regions, it is called the geographic segmentation. This Geographic Segmentation can be done on the basis of areas, cities, countries, etc.
So when the soup company divides the production for East and for West and Southwest, it means the company has segmented their market geographically.
Learn more about Geographic Segmentation at:
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The correct answer is d. A conditioned response.
Ivan Pavlov was a Russian scientist interested in studying how digestion works in mammals. According to Pavlov, the dogs were demonstrating a conditioned response. He explained it like this: there's a neutral stimulus (the bell), which by itself will not produce a response, like salivation. There's also a non-neutral or unconditioned stimulus (the food), which will produce an unconditioned response (salivation).
On September 1, 1764 , Parliament passed the Currency Act , effectively assuming control of the colonial currency system. The act prohibited the issue of any new bills and the reissue of existing currency.
