The Term ____ Refers to Chip-Based Storage Used by the Computer

question 26

Multiple Choice

The term ____ refers to chip-based storage used by the computer.

• A) storage media
• B) memory
• C) hard drive
• D) Zip drive

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Definitions:

Full Employment GDP

The maximum level of production an economy can sustain while keeping unemployment at its natural or non-accelerating inflation rate of unemployment (NAIRU).

Multiplier

In economics, a factor by which a change in spending results in an amplified change in national income and output.

Inflationary Gap

The difference between the actual output of an economy and the output it would produce without inflation, indicating an overheated economy.

Recessionary Gap

A situation where the real GDP is lower than the potential GDP at full employment, indicating underutilized resources.