In a story from www.Forbes.com 5/30/2003) , it was reported that the Chief Technology Officer of the U.S. plans for the country to spend $58.1 billion on technology that year. He was planning to buy technology from Cisco Systems, Oracle and Sun Microsystems in addition to other software makers.
This story reports on technological change which is the stressed in the_____________ of business cycles.

Question

In a story from www.Forbes.com 5/30/2003)  , it was reported that the Chief Technology Officer of the U.S. plans for the country to spend $58.1 billion on technology that year. He was planning to buy technology from Cisco Systems, Oracle and Sun Microsystems in addition to other software makers.
This story reports on technological change which is the stressed in the_____________ of business cycles.

Quizplus · Accepted Answer

Real business cycle theory emphasizes technological change as a driving force behind fluctuations in economic activity. The report of the Chief Technology Officer's plans to invest in technology reflects the importance of technological advancements in shaping economic cycles according to this theory. The other options do not specifically focus on the role of technology in business cycles.

In a Story from Www