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The real-wealth effect indicates that: O a.an increase in the price level will 0 b.a lower price level will 0 c.a higher price level will

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The real-wealth effect indicates that: O a.an increase in the price level will 0 b.a lower price level will 0 c.a higher price level will 0 tie higher price level will increase the demand for money, decrease the real value of increase the real value of decrease the real value of increase interest rates, and reduce many nancial assets and many nancial assets and many financial assets and consumption and investment therefore reduce therefore increase therefore reduce spending. spending. spending. spending

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