Which of the following statements is true about causes of business cycle fluctuations? rev: 05_30_2018 Multiple Choice Economists all agree that productivity shocks are the cause of most business cycle changes. Economists all agree that supply shocks are the cause of most business cycle fluctuations. Economists all agree that monetary changes are primarily responsible for business cycle fluctuations. There are a wide range of theories as to the underlying causes of business cycle movements.

Frost corporation incurred the following transactions during its first year of operations. (assume all transactions involve cash.) 1) acquired $1,900 of capital from the owners. 2) purchased $435 of direct raw materials. 3) used $290 of these direct raw materials in the production process. 4) paid production workers $490 cash. 5) paid $290 for manufacturing overhead (applied and actual overhead are the same). 6) started and completed 250 units of inventory. 7) sold 140 units at a price of $6 each. 8) paid $130 for selling and administrative expenses. the amount of raw material inventory on the balance sheet at the end of the accounting period would be: