The Invention of the Integrated Circuit by Jack Kilby of Texas

question 130

Multiple Choice

The invention of the integrated circuit by Jack Kilby of Texas Instruments gave rise to the information age.What did this technological change do the short-run supply curve?

• A)It shifted the short-run aggregate supply curve to the left.
• B)It shifted the short-run aggregate supply curve to the right.
• C)It moved the economy up along a stationary short-run aggregate supply curve.
• D)It moved the economy down along a stationary short-run aggregate supply curve.

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Definitions:

Race

A concept no longer recognized as valid, except in terms of its social consequences; in the past, the concept of race referred to biological divisions between human beings, based primarily on their skin color.

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The act of looking for safety or asylum, often in the context of fleeing danger, persecution, or violence.

Persecution

Hostile and unfair treatment or punishment of an individual or group, especially because of their race, political or religious beliefs.

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Individuals who flee their country due to fear of persecution, war, or violence, seeking protection in another country under conditions defined by international law.