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In Japan in 2010 the Price Level Fell by 5

Question 379

Multiple Choice

In Japan in 2010 the price level fell by 5 percent and the money wage rate did not change. As a result, there was a


A) movement down along Japan's short-run aggregate demand curve.
B) movement down along Japan's short-run aggregate supply curve.
C) rightward shift in Japan's short-run aggregate supply curve.
D) movement down along Japan's long-run aggregate supply curve.

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