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1. A fall in the price level that causes a change in the real value of wealth results in A. a downward movement along the
1. A fall in the price level that causes a change in the real value of wealth results in A. a downward movement along the aggregate demand (AD) curve. B. an upward movement along the AD curve. C. a rightward shift of the demand curve. D. a leftward shift of the demand curve. E. no change in the quantity of AD
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Managerial Economics Markets and the Firm
Authors: William Boyes
2nd edition
618988629, 978-0618988624
