The invention of the integrated circuit by Jack Kilby of Texas Instruments gave rise to the information age. What did this technological change do the short-run supply curve?
A) It moved the economy up along a stationary short-run aggregate supply curve.
B) It shifted the short-run aggregate supply curve to the left.
C) It shifted the short-run aggregate supply curve to the right.
D) It moved the economy down along a stationary short-run aggregate supply curve.
C
Economics
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Changes in the money supply growth rate
A) are neutral in the short run. B) need not be neutral in the short run. C) are neutral in the long run. D) need not be neutral in the long run. E) affect the real output of the economy.
Economics
Suppose the economy is just recovering from a recession and all signs now point to robust growth. How might this transition from recovery to expansion be reflected in the monetary policy curve?
What will be an ideal response?
Economics