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The Wealth Effect state that as price level rises ________________. A.) the purchasing power of your money stays the same but you make more money.
The Wealth Effect state that as price level rises ________________.
A.) the purchasing power of your money stays the same but you make more money.
B.) the purchasing power of your money stays the same but you make less money
C.) you have the same amount of money but the purchasing power of your money declines causing you to feel less wealthy
D.) you have the same amount of money but the purchasing power of your money increases causing you to feel more wealthy
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