An increase in the price level as reflected by a rising consumer price index causes the real value of an economic variable to increase.

Name: An increase in the price level as reflected by a rising consumer price index causes the real value of an economic variable to increase.
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Question

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An increase in the price level as reflected by a rising consumer price index causes the real value of an economic variable to decrease, because it reduces the purchasing power of money.

An Increase in the Price Level as Reflected by a Rising