In Japan in 2000 the Price Level Fell by 5

question 77

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.

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Definitions:

Stretching Exercise

Activities or movements aimed at increasing muscle flexibility and joint range of motion.

Lie Flat

A body position where an individual lays down horizontally on a surface with the back facing down and is often advised for various health reasons.

Gait Belt

A safety device used by caregivers to support a person who is unsteady on their feet during walking or transferring.

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