The invention of the integrated circuit by Jack Kilby of Texas Instruments gave rise to the information age. What did this technological change do the short-run supply curve?
A) It moved the economy up along a stationary short-run aggregate supply curve.
B) It shifted the short-run aggregate supply curve to the left.
C) It shifted the short-run aggregate supply curve to the right.
D) It moved the economy down along a stationary short-run aggregate supply curve.
C
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A. S1to S2. B. S2to S1. C. S3to S2. D. S3to S1.
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Answer the following statement true (T) or false (F)
U.S. imports have topped U.S. exports every year since ________
a. 1966 b. 1976 c. 1956 d. 1986
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Answer the following statement true (T) or false (F)