The Invention of the Integrated Circuit by Jack Kilby of Texas

question 175

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 to 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.
• E)It made the short-run aggregate supply curve flatter.

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Definitions:

Gross Proceeds

The total amount of money received from a transaction before any deductions or expenses are subtracted.

Direct Private Long-term Debt Financing

A method of funding where companies borrow money directly from lenders on a long-term basis without public issuance through financial markets.

Public Issues

Refers to the offering of securities, like stocks or bonds, to the public to raise capital.

Renegotiate

The process of revising the terms of a contract or agreement.