The Introduction of the Internet Over the Last 20 Years

question 15

Multiple Choice

The introduction of the Internet over the last 20 years has caused the:

• A) long-run aggregate supply curve to shift to the right.
• B) long-run aggregate supply curve to shift to the left.
• C) short-run aggregate supply curve to shift to the left.
• D) long-run aggregate supply to remain fixed.

---

Definitions:

Vertical Integration

A business strategy where a company controls multiple stages of production and/or distribution within the same industry, often to increase control over the supply chain and reduce costs.

Corporate Buyouts

The acquisition of a controlling interest in a company by another company or investor group, often to gain strategic advantages or assets.

Universal Pictures

An American film production and distribution company, known as one of the "Big Five" studios in Hollywood and for its extensive library of films and franchises.

Music Corporation of America

Originally a talent agency, it evolved into a powerful American media and entertainment company involved in television production, music publishing, and representation of artists.