Multiple Choice
In Japan in 2000 the price level fell by 5 percent and nominal wage rates did not change. As a result, there was a
A) rightward shift in Japanʹs short-run aggregate supply curve.
B) movement down along Japanʹs short-run aggregate demand curve.
C) movement down along Japanʹs long-run aggregate supply curve.
D) movement down along Japanʹs short-run aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
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