In the Period Following the Great Recession, the Creation of New

question 157

Multiple Choice

In the period following the Great Recession, the creation of new Internet apps has

• A) significantly enhanced productivity.
• B) significantly reduced productivity by creating excessive distractions for workers.
• C) had little measured effect on GDP or productivity but may create a lot of consumer surplus.
• D) led firms in these markets to expand capacity beyond what consumers demand.

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Definitions:

Treasury Bond

Long-term, government-issued debt securities with a fixed interest rate, considered low-risk investments.

Ford

An American multinational automaker known for its production and sale of cars, trucks, and commercial vehicles.

Shell Oil

A major global group of energy and petrochemical companies known for exploring for and extracting crude oil and natural gas.

Ask Price

The lowest price at which a seller is willing to sell a security or commodity.