ECONOMICS (CBSE/UGC NET)

ECONOMICS

BUSINESS CYCLES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Innovations in technology (like the rise of computers in the 1980s and 1990) can help shift us to which segment of the business cycle?
A
Contraction
B
Trough
C
Peak
D
Expansion
Explanation: 

Detailed explanation-1: -The release of Nintendo GameBoy and NES, the rise of Sony Walkman and Trinitron TVs, the popularity of Casio calculator watch, and the craze for the Video Home System or VHS define the eventful ten years to a large extent.

Detailed explanation-2: -The driving force behind much of this change was an innovation popularly known as the Internet. Personal computers had become widespread by the end of the 1980s. Also available was the ability to connect these computers over local or even national networks.

Detailed explanation-3: -1: Personal Computers. The Apple II with a 6502 processor running at 1 MHz. 2: Graphical User Interfaces. “ 3: CDs. “ 4: Walkmans. “ “ 5: VCRs. “ 6: Camcorders. A camcorder with the VCR unit exposed. 7: Cable Television. The setup for most early cable TV systems. 8: Video Game Consoles. The Atari 2600. More items •18-May-2006

Detailed explanation-4: -Adobe Photoshop (1990) Image: Adobe Linux (1991) Image: Jim Sugar | Getty Images Text messages (1992) Image: 3g4g Nokia 1011 (1994) Image: Nokia Sony PlayStation (1994) Image: Sony Nintendo 64 (1996) Image: Nintendo Tickle Me Elmo (1996) The DVDs (1996) More items •10-May-2021

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