Real business cycle theory best in this regard.
Explanation:
Among the other options, option first explains and put pressure on the role of technology in causing economic fluctuations. The new price or change in price affects the total cost of the product and so on the supply and demand. Because almost all firms use oil in one form or another, oil price changes function like technology changes.
The increase in aggregate cost decreases the productivity of the firms. The demand went down which affected the circulation of money in the market and leads to the recession.
Answer: state of nature / social contract
Explanation:
Theorists like Thomas Hobbes, John Locke, and Jean-Jacques Rousseau, developed different theories about the state of nature and the social contract, although their underlying ideas shared some similarities.
The state of nature refers to a real or hypothetical condition of humanity before any political association, and the social contract would be also either a real or hypothetical understanding about the rights and duties of the rulers and the ruled people.
Answer:
staging a riot in New York City
Explanation:
Union draft of 1863 was legislation passed by the United States Congress to provide fresh manpower for the Union Army during the American Civil War.
Low-paid workers in New York responded to the Union draft of 1863 by staging a riot in New York City
In New York City, enforcement of the union draft leads to the New York City draft riots on July 13–16.
Both policies of substitution and commutation help in softening the effect of the draft on pacifists, the anti-draft movement, and the propertied classes.
General Ulysses S Grant wanted to wear down the Confederacy's forces, and cut the Confederate army off from supplies and food that would enable them to keep fighting.
<span>Grant knew that the Union had a superiority of numbers and supplies, while the South had no more soldiers in reserve and dwindling resources. If Grant and President Lincoln remained persistent, it was only a matter of time before the Confederacy would be placed in a position of surrender but at great cost to both sides in casualties. </span>
<span>Grant and the Army of the Potomac fought a series of battles against General Robert E Lee and his Army of Northern Virginia. Grant suffered losses of tens of thousands of men, but kept pushing Lee farther and farther south, also losing men every day. </span>
<span>One of Grant's strategies was to bring the war to the South, destroying resources and railroads and homes. Grant cut off Confederate supplies by sending forces into the Shenedoah Valley, the major food source of the Confederate armies. US General Philip Sheridan fought a series of battles against the outstanding defense of CSA General Jubal Early until Sheridan finally controlled the entire region and destroyed the South's major agricultural base. </span>
<span>Grant sent General William T Sherman on a similar mission farther south, beginning by capturing the major city of Atlanta. Sherman then marched across Georgia, destroying crops and railroads, all the way to the port of Savannah. Sherman then turned and marched north to approach Lee's army from the south. Lee's forces, depleted by casualties and desertions, were under intense pressure from all sides. Grant's forces began to win every encounter, US cavalry destroyed Lee's supply trains, and by April 9 of 1865 Lee surrendered his army to Grant. The surrender of the last Confederate army unit occurred in June of 1865.</span>
