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 United States Constitution, the authority to regulate the time, place, and manner of federal elections is up to each State, unless Congress legislates otherwise.
When leaders seek advice, feedback, and help to the broader circle of workers, they demonstrate humility and quiet confidence. These are very attractive qualities in a leader. More important, they build trust and inspire mutual success. This is an area where men could learn from women.
Answer:Associative learning
Explanation:
Associative learning refers to how our learning ideas and experience are all linked to one another
Associative Learning and Behavior
Associative learning is a conditioning of a behavior that is dependent on a stimulus and a behavior. This means people can learn a behavior and ag the same time can get rid of a behavior depending on its response.
A sea slug knows that if it squirted with water it will receive an electrical shock due to knowing this response the sea slug has enhanced its protective withdrawal to a squirt of water.
A behavior that is not rewarding will result to a person associating its response with their action which means they will try by all means to unlearn that behavior to avoid the unrewarding response.
