It Has Been Argued That the Information Technology Age Has

question 17

Multiple Choice

It has been argued that the information technology age has greatly increased productivity and potential output. If this is true:

• A) the long-run real interest rate is also higher as a result.
• B) nominal long-run interest rates should have increased.
• C) we should have seen lower short-run interest rates than we have seen.
• D) the long-run real interest rate is lower as a result.

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Definitions:

Mean Driving Times

Refers to the average amount of time spent driving, calculated by summing all individual driving times and dividing by the total number of drives.

Population Distributions

Refers to the distribution of values, traits, or characteristics of an entire population.

Significance Level

The threshold chosen by a researcher which determines the probability of rejecting the null hypothesis when it is actually true, often denoted by alpha (α).

Population Mean

The average of all the values in a population.