In the late 1990s, the United States experienced a technology boom. In part, the boom was due to a revolution in communication technology that resulted in a massive expansion of the internet; in part, the boom was due to households and firms purchasing new computer equipment in anticipation of Y2K (Y2K stands for year 2000. As that year approached, many people feared that computer programs storing year values as two-digit figures (such as 99) would cause problems.).
The economy would be affected because these events would:
Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the option once to place a check mark. For incorrect answer(s), click the option twice to empty the box.
decrease aggregate supply.
decrease aggregate demand.
increase aggregate demand.
increase aggregate supply.
Ultimately, this will:
increase GDP and decrease price.
decrease GDP and decrease price.
increase GDP, but the effect on price is not certain.
decrease GDP and increase price.
