Keynes proposed that the government spend extra cash and reduce taxes to turn a budget deficit, which could growth consumer demand inside the economic system.
Keynesians trust that, because charges are quite rigid, fluctuations in any element of spendin intake, funding, or authorities fees—cause output to alternate. If authorities spending increases, for instance, and all other spending components continue to be steady, then output will increase.
Keynes supported authorities intervention at some stage in instances of economic turmoil. a few of the theories he supplied in “fashionable concept” changed into that economies are chronically volatile and that complete employment is handiest viable with a lift from government coverage and public funding.
In line with Samuelson and other current economists, governments have four principal capabilities in a market financial system to boom efficiency, to provide infrastructure, to promote fairness, and to foster macroeconomic stability and growth.
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Answer:
Explanation:
a )
Standard of living is calculated as follows
Standard of living = Real GDP / Population
Growth in standard of living = growth in real GDP - growth in population
Now given growth in standard of living = 0
0 = growth in real GDP - growth in population
growth in real GDP = growth in population
growth in real GDP = 1%
Therefore, to keep living standards from falling, production have to increase by 1 %.
b )
If workforce increases by 1 % , that means population increases by 1 % and
productivity ( MPP ) increases by 1 % that means GDP increases by 1 %
Hence
Growth in standard of living = 1 % - 1 % = 0
The living standard will remain stagnant .
Answer:
Explanation:
Demand is the amount of a good or service consumers wants
| Consumer demand can change often; for many reasons
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Answer:
It is Conflict of interest. (B)
Explanation:
A conflict of interest arises when what is in a person’s best interest is not in the best interest of another person or organization to which that individual owes loyalty.
For example, Azim is helping himself here but simultaneously hurting his employer by agreeing to give out his current employer young designer's drawings to a close competitor.
A conflict of interest exists when a person must answer to two different individuals or groups whose needs are at odds with each other. In this case, serving one individual or group will injure the other.
