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:
In both articles, the nation has been recognized as the United States of America. In both, the laws are made by the legislature, whereby the articles of confederation have only one house which is referred to as Congress, and the constitution has got two houses.
Explanation:
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The answer is True
Mediation is the process in which a neutral third party, a mediator, listsens to both sides in a dispute, makes suggestions, and encourages them to agree on a solution. Arbitration is the process in which a neutral third party, an arbitrator, listens to both parties in a dispute and makes a decision that the parties have agreed will be binding on them.
Arbitration is an alternative way to resolve conflicts, whether between individuals or legal entities, without judicial participation. Despite its informal character, an arbitration award has the same effect as a judicial award.
Answer: Medicare and Medicaid are two government programs that provide medical and other health-related services to specific individuals in the United States. Medicaid is a social welfare or social protection program, while Medicare is a social insurance program.
Explanation:I hope i can help you :)