Japan's Population Increased by 3 Percent in 2010

question 22

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.

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Definitions:

Object Program

An object program is a compiled or assembled version of source code, ready to be executed by a computer.

Executable Program

A type of computer file that is able to be run as a program, containing code that the computer's operating system can execute.

Algorithm

A finite sequence of well-defined, computer-implementable instructions, typically to solve a class of problems or perform a computation.

Procedure

A block of code within a program that performs a specific task and is identified by a name.