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:
Torture in the Medieval Inquisition began in 1252 with a papal bull Ad Extirpanda and ended in 1816 when another papal bull forbade its use. Although the torture that was sanctioned by the bull was less severe than the torture that could be found in contemporary secular courts.
The correct answer to this open question is the following.
The change in the domestic United States during the Second World War from 1939 to 1945 was primarily in the role women played in the workforce. As most men had to enroll in the military to participate in World War II, the factories of America needed hands to produce the weaponry and supplies that needed to be sent to the European war front. That is when women had to leave their homes to start working in the fabrics and manufacturing plants of the United States. This factor was key to keep on producing the much-needed supplies for the war.
Another important aspect was the Victory Gardens that the federal government asked citizens to have in their backyards. The government asked Americans to grow their own crops in their backyards to help the war effort.
Answer:
C. Shays's Rebellion.
Explanation:
The Articles of Confederation was the first constitution of the US, it lasted from 1776 until 1789, established a weak central government and gave most of the powers to the states.
Under the Articles of Confederation economy of US stumble as the central government lacked the power to enforce tax laws and regulate commerce.
Shays rebellion also revealed its weakness of federal government as it was unable to finance the troops. It was a rebellion of Revolutionary War veterans. The rebellion was finally put down by a privately funded local militia and Massachusetts State militia as the federal government was unable quell it.
Shays rebellion and lack of powers of central government revealed the weakness and the widely held view was to amend the constitution and reform the government.
