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. Sponsor critical infrastructure security and resilience-related research and development, demonstration projects, and pilot programs
Explanation:
The PPD-21 known as the Presidential Directive on Critical Infrastructure Security and Resilience is set up to advance national unity with an effort to stregthen and maintain secure and reisilient critical infrastructure.
To sponsor critical infrastructure security and resilience-related research and development, demonstration projects, and pilot programs is not part of what the PPD-21 is set up to achieve. Rather it is developed and implemented to:
• Perform critical infrastructure risk assessments; understanding dependencies and interdependencies;
• Developing and coordinating emergency response plans with appropriate Federal and SLTT government authorities;
• Establishing continuity plans and programs that facilitate the performance of lifeline functions during an incident;
Answer:
The First World War forced the United States to become a world power and led directly to World War 2
Explanation:
I destroyed empires (Ottoman Empire), created numerous new nation-states (Yugoslavia), encouraged independence movements in Europe's colonies, the war also brought vast social consequences, including the mass murder of Armenians in Turkey and an influenza epidemic that killed over 25 million people worldwide.
