Question: Explain for each event whether it changes the quantity of real GDP supplied, short-run aggregate supply, long-run aggregate supply, or a combination of them.

Explain for each event whether it changes the quantity of real GDP supplied, short-run aggregate supply, long-run aggregate supply, or a combination of them.

Hong Kong firms switch to lower-cost 3D printing technology.

An ageing population is expected to shrink Hong Kong’s labor force.

Foreign students in Hong Kong universities get temporary work permits.

Firms from mainland China open offices in Hong Kong.

The Hong Kong price level rises.

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