To help develop peaceful uses for the exploration of outer space.
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:
A) microeconomic
Explanation:
Microeconomics is the study of the way behaviors of individual participants of the market (like buyers, sellers, and owners of businesses) influence resource allocation. In other words, microeconomics relates to supply and demand and how these interact in many markets.
There are no constitutional requirements for being a federal judge.
Answer:
Today Tom Brady will make his 10th career Super Bowl appearance as the Tampa Bay Buccaneers face the Kansas City Chiefs at Raymond James Stadium in Super Bowl 55. No other player in NFL history has competed in 10 Super Bowls.
Explanation:
Hope this helps
