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:
Feudalism
Explanation:
The system defining hierarchical system based on land ownership, protection & mutual obligation : is called as Feudalism.
It emerged in ancient history of Europe.
It consists of nobility class (land owners), known as 'lords'. They recompense knights, vessels & serfs - by granting them piece of land (called fiefdoms) return of which the latter fight for the former.
Answer:
B) Ferdinand Magellan
Explanation:
He named it Mar Pacifico in portuguese which means peaceful sea
<span>It could be said that
the way in which parents dress their children are important because it helps to
turn biological sexual identities into social gender identities. That is to
say, gender is a social construction and it refers to the social land cultural differences
a society assigns to people based on their biological sex. </span>