A Company Is Developing a New System That Will Unlock

question 766

Multiple Choice

A company is developing a new system that will unlock a computer automatically when an authorized user sits in front of it, and then lock the computer when the user leaves. The user does not have to perform any action for this process to occur. Which of the following technologies provides this capability?

• A) Facial recognition
• B) Fingerprint scanner
• C) Motion detector
• D) Smart cards

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Definitions:

Rational Expectations Theory

This is based on three assumptions: (1) that individuals and business firms learn through experience to anticipate the consequences of changes in monetary and fiscal policy; (2) that they act immediately to protect their economic interests; and (3) that all resource and product markets are purely competitive.

Adaptive Expectations Theory

An economic theory that assumes individuals form their expectations about the future based on past experiences and gradually adjust as reality unfolds.

Accelerating Inflation Theory

A theory suggesting that inflation will speed up as demand grows and outpaces supply, leading to a continuous increase in price levels.

Monetarist Point

A viewpoint in economics that emphasizes the role of governments in controlling the amount of money in circulation through monetary policy.