In the 1970s, Business Technology Was Known as

question 167

Multiple Choice

In the 1970s, business technology was known as

• A) data processing.
• B) information processing.
• C) information technology.
• D) systems analysis.

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Definitions:

Active Policy Lags

The delays in the implementation and effectiveness of policy measures due to administrative, decision-making, or economic factors.

Economy

The system or range of economic activities in a region, country, or community, including the production, consumption, and trade of goods and services.

Self-correct

The ability of an economic market to adjust and return to equilibrium without external intervention.

Aggregate Demand Curve

Represents the total spending on domestic goods and services at various price levels, showing the inverse relationship between price level and demand.