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Suppose a country undertakes a new ten-year endeavor to provide technical or university training to all high school students earning a C or better in school and to fund it with prior budget surpluses. Which of the following statements are true?

I. Aggregate demand will increase.
II. Long-run aggregate supply will not be affected.
III. Real GDP would likely increase by the end of the ten-year program.

A

I only.

B

II only.

C

III only.

D

I and II only.

E

I and III only.

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