During the Latter Part of the 1990s,firms Purchased New Computer

question 105

Essay

During the latter part of the 1990s,firms purchased new computer systems so that they could establish web sites and eventually online ordering systems.How is this likely to impact the aggregate demand curve and the loanable funds market?

---

Definitions:

Nominal Gross Domestic Product

The market value of all officially recognized final goods and services produced within a country in a year, not adjusted for inflation.

GDP Price Index

An economic metric that measures changes in the price level of all goods and services included in Gross Domestic Product.

Nominal Gross Domestic Product

a measure of a country's economic output (all goods and services produced) valued at current market prices, without adjusting for inflation.

Consumer Price Index

is a measure that examines the weighted average of prices of a basket of consumer goods and services, often used to assess inflation.