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:
Maps of Revolutionary War battles that were fought in the Middle Atlantic ... and the strategic importance of this pass was at once recognized by the British.
Explanation:
First, the Market Revolution—the shift from an agricultural economy to one based on wages and the exchange of goods and services—completely changed the northern and western economy between 1820 and 1860. After Eli Whitney invented the cotton gin and perfected manufacturing with interchangeable parts, the North experienced a manufacturing boom that continued well into the next century. Cyrus McCormick’s mechanical mower-reaper also revolutionized grain production in the West. Internal improvements such as the Erie Canal and the Cumberland Road, combined with new modes of transportation such as the steamboat and railroad, allowed goods and crops to flow easily and cheaply between the agricultural West and manufacturing North. The growth of manufacturing also spawned the wage labor system.
Second, American society urbanized drastically during this era. The United States had been a land comprised almost entirely of farmers, but around 1820, millions of people began to move to the cities. They, along with several million Irish and German immigrants, flooded northern cities to find jobs in the new industrial economy. The advent of the wage labor system played a large role in transforming the social fabric because it gave birth to America’s first middle class. Comprised mostly of white-collar workers and skilled laborers, this growing middle class became the driving force behind a variety of reform movements. Among these were movements to reduce consumption of alcohol, eliminate prostitution, improve prisons and insane asylums, improve education, and ban slavery. Religious revivalism, resulting from the Second Great Awakening, also had a large impact on American life in all parts of the country.
Third, the major political struggles during the antebellum period focused on states’ rights. Southern states were dominated by “states’ righters”—those who believed that the individual states should have the final say in matters of interpreting the Constitution. Inspired by the old Democratic-Republicans, John C. Calhoun argued in his “South Carolina Exposition and Protest” essay that the states had the right to nullify laws that they deemed unconstitutional because the states themselves had created the Constitution. Others, such as President Andrew Jackson and Chief Justice John Marshall, believed that the federal government had authority over the states. The debate came to a head in the Nullification Crisis of 1832–1833, which nearly touched off a civil war.
The correct answer is People have different opinions on who should have power to control issues<span>.
Even though the constitution is flexible, there are some issues that arise in our current society that are debated over by state and federal governments. Those in favor of stronger state governments argue that the state representatives have a better idea of what their citizens need. On the other hand, people in favor of have a stronger federal government argue that their needs to be consistency and continuity among the states in the US. These two sides constantly battle over political power.</span>
Answer: A developed country would create a multinational corporation with locations in an underdeveloped country to bring others there towards the country.
Explanation: This then leads to further economical development within the developed country. The open jobs that are in the developed country can also be filled with the people immigrating to the developed country.
