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A reduction in the aggregate price level will cause: a.an increase in the interest rate and a leftward shift in the IS curve b.a downward

A reduction in the aggregate price level will cause:

a.an increase in the interest rate and a leftward shift in the IS curve

b.a downward shift in the LM curve and a reduction in the interest rate

c.a reduction in investment and a reduction in output

d.an ambiguous effect on investment

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