The USEconomy in the 1990s Benefited from an Aggregate Supply Curve

question 148

True/False

The U.S.economy in the 1990s benefited from an aggregate supply curve shifting outward.

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Definitions:

Work Automation

The use of technology to perform tasks without human intervention, often leading to increased efficiency but also potentially job displacement.

Standardization

The process of implementing and developing technical standards to ensure consistency and compatibility in products, services, or practices.

Degradation

The process of something being destroyed or broken down, whether physically, morally, or environmentally.

Nomadic Tribes

Groups of people who move from place to place rather than settling permanently in one location, often following traditional routes.