Multiple Choice
Japan's population increased by 3 percent in 2010. As a result,which of the following occurred?
I. an increase in potential GDP
II. a rightward shift in the long-run aggregate supply curve
III. a rightward shift in the short-run aggregate supply curve.
A) I, II and III.
B) III only.
C) I and II only.
D) II and III.
Correct Answer:
Verified
Correct Answer:
Verified
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