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.
Ehrman attributes the rapid spread of Christianity to two main factors: (1) the promise of salvation and eternal life for everyone was an attractive alternative to Roman religions; (2) stories of miracles and healings purportedly showed that the one Christian God was more powerful than the many Roman gods.
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- Atargatis Jones
Answer:
How did the Delhi Sultanate affect Indian government and society? ... At first, the sultanate cracked down on non-Muslim populations, slaughtering Hindus and Buddhists and destroying their places of worship. Eventually, the sultans became more tolerant, allowing Hindus to worship as long as they paid a tax.
Explanation:
because i know it
Tea Act of 1773, which caused the boston tea party in the same year leading up to a war 2 years later.
John hay negotiate to establish open door policy with: China and the countries with spheres of influence.
At that time, john hay believe that establishing open door policy with these countries would bring economic wealth to united states. Under this policy, United states would be able to trade with china and those other countries without many restrictions such as tariff or quota. This would bring more profit to american producers.
