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.
George Goethals was the military engineer who completed construction of the Panama Canal. The correct option among all the options given in the question is option "d". He was appointed the chief engineer of the Panama project by President Roosevelt on 26th of February in the year 1907. Goethals was absolutely determined in seeing through the job that was handed over to him by the President.
In an introduction to the industrial revolution it is important to highlight that this period helped to alleviate increase crop yields.
<h3>What was the industrial revolution?</h3>
The industrial revolution was a period in which manufactures and products began to be developed in series.
This phenomenon enabled the production of products at a higher scale, a process associated with the increase in overall productivity in agriculture.
In conclusion, in an introduction to the industrial revolution it is important to highlight that this period helped to alleviate increase crop yields.
Learn more about the industrial revolution here:
brainly.com/question/13323062
#SPJ1
