The Introduction of the Minicomputer

question 79

Multiple Choice

The introduction of the minicomputer

• A) allowed computers to be customized to the specific needs of departments or business units.
• B) enabled decentralized computing.
• C) offered new, powerful machines at lower prices than mainframes.
• D) all of the above.

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Definitions:

Government Purchases

Government purchases comprise spending by government bodies on goods and services that contribute directly to the economy's aggregate demand.

Stagflation

A period of slow economic growth and high unemployment while prices continue to rise.

Fiscal Policy

Government adjustments to its spending levels and tax rates to influence a nation's economy, aiming to manage economic output, inflation, and employment.

Aggregate Demand

The total demand for all goods and services in an economy at various price levels, at a given time.