Consider the Following News Headline: "Information Technology Costs for Canadian

question 43

Multiple Choice

Consider the following news headline: "Information technology costs for Canadian firms continue to drop." Choose the statement below that best describes the likely macroeconomic effect.

• A)the AS curve shifts to the right; the price level falls and real GDP rises
• B)the AS curve shifts to the left; the price level rises and real GDP falls
• C)the AD curve shifts to the right; the price level rises and real GDP rises
• D)the AD curve shifts to the left; the price level falls and real GDP falls
• E)the AD and AS curves both shift to the right; the effect on the price level is indeterminate and real GDP rises

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Definitions:

Operating Systems

A program that controls the operations of computer hardware and software, offering shared services for different computer applications.

Hard Drive

A device used for storing and retrieving digital information, typically using magnetic storage.

Minimize Button

A button typically found in a window's title bar, used to reduce the window to an icon or taskbar entry, while keeping the application running.

Taskbar Icon

A small graphical representation or shortcut placed on the taskbar, providing quick access to applications or functions.