The rapid advance in computer technology is one of the reasons given for the shift of the

Question

Quizplus · Accepted Answer

The rapid advance in computer technology has led to an increase in productivity and efficiency, which results in a shift of the aggregate supply curve outward since firms are able to produce more output at a lower cost. This shift leads to an increase in real GDP and a decrease in the price level, which is reflected by a movement along the aggregate demand curve. Therefore, choice C is the best option.

The Rapid Advance in Computer Technology Is One of the Reasons