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An increase in the price level O increase the purchasing power of wealth and cause the consumption expenditures to increase. leads to a movement along
An increase in the price level O increase the purchasing power of wealth and cause the consumption expenditures to increase. leads to a movement along the AE curve rather than a shift of the curve. O lowers the purchasing power of wealth and cause consumption expenditures to decrease. O shift the AE curve downward and increase equilibrium real GDP. O shift the AE curve upward and increase equilibrium real GDP
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