In a Story from Www

question 23

Multiple Choice

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.

• A) new Keynesian cycle theory
• B) new classical cycle theory
• C) real business cycle theory
• D) monetarist cycle theory

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Definitions:

Net Income

The total profit of a company after all expenses, including taxes and operating costs, have been subtracted from revenue.

Earnings

The amount of profit that a company generates during a specific period, often reported as net income.

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain the activity.

Accounting

The systematic process of recording, analyzing, and interpreting financial information.