Technological Change, Such as the Information Technology Revolution of the 1990s

question 143

Multiple Choice

Technological change, such as the information technology revolution of the 1990s can shift the aggregate supply curve outward.If, at the same time, the government is decreasing spending, the most likely outcome of these two factors is a(n)

• A)increase in the price level.
• B)decrease in the price level.
• C)increase in real GDP.
• D)decrease in real GDP.

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Definitions:

Spotlight Effect

The belief that others are paying more attention to one's appearance and behavior than they actually are.

Evaluate

To examine or judge carefully, analyzing the value or condition of something in a detailed manner.

Personal Appearance

The way one dresses, grooms, and presents themselves physically to the outside world.

Self-Perception

An individual's awareness of and attitude towards their own character, feelings, motives, and desires.