Was able to prove that the federal government had the power to over rule
the state law. This allowed Gibbons to use the waters through New York
for Commerce. Ogden originally was the only one with the license which
made it a monopoly. Once it crossed state lines it conflicted with
federal law, specifically the Article 1 Section 8 of the constitution
that Congress had exclusive national power over interstate commerce.
This is what Gibbon's lawyer used as his defense.
To develop accurate calendars.
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:
for ww1, Britain France and Italy. For ww2 Britain and Russia
Explanation:
