The Rapid Advance in Computer Technology Is One of the Reasons

question 186

Multiple Choice

The rapid advance in computer technology is one of the reasons given for the shift of the

• A)aggregate demand curve outward.
• B)aggregate supply curve inward.
• C)aggregate supply curve outward.
• D)total expenditures curve upward.

---

Definitions:

Quantity Supplied

The amount of a good or service that producers are willing and able to sell at a given price during a specified period.

Law

In a general sense, law refers to the system of rules that are created and enforced through social or governmental institutions to regulate behavior, ensuring order and justice.

Supply

The total amount of a good or service available for purchase at any given price level in a given market.

Excess Demand

A situation where the demand for a good or service surpasses its supply at the current price, often leading to price increases.