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:
Saving is something everyone should do. It lets you buy items that otherwise might be out of reach, keeps you out of financial trouble, and makes you more independent. Often, it means you can do more, as you have more choices or get additional cash.
Explanation:
Answer:
Traumatic Dissociative Amnesia, maybe dissociative identity disorder depending on how they decide to cope with it. they could also very well develop a multitude of personalities or start mentally/emotionally regressing in age.
The Battle of Stalingrad was a great fight between the Wehrmacht (the army of Nazi Germany) and its Axis allies against the troops of the Soviet Union for the possession of the city of Stalingrado (current Volgograd), on the banks of the Volga River, between 17 July 1942 and 2 February 1943, during World War II. The battle was one of the turning points of the war on the Eastern Front, marking the limit of German expansion into Soviet territory, from where the Red Army would push German forces into Berlin.
Answer:
Public Relations
Explanation:
Public relations is a planned communication process that puts up mutually beneficial relationships between organizations and their publics. Public relations is a practice of managing communication between an organization and its publics to cultivate a positive reputation, usually through publicity and other nonpaid forms of communication. These efforts may also include support of arts, charitable causes, education, sporting events.
