A(n) ____________________ Stores Copies of Data or Programs That Are

question 13

Short Answer

A(n) ____________________ stores copies of data or programs that are located on the hard drive and that might be needed soon in memory chips in order to avoid having to retrieve the data or programs from the hard drive when they are requested.

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Definitions:

Market Wage

The prevailing wage rate in a labor market for a given skill set, determined by supply and demand forces.

Output Price

The market price at which a final good or service is sold, affecting a firm’s revenue and production decisions.

Labor Demand

The total amount of workers that employers are willing and able to hire at a given wage rate in a certain period.

Technological Advance

Improvements or innovations in technology that enhance productivity or efficiency in production processes.