Japan's Population Increased by 3 Percent in 2007

question 212

Multiple Choice

Japan's population increased by 3 percent in 2007. 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 and ii only
• B) i, ii and iii
• C) ii and iii
• D) iii only

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