A decrease in the price level ________ real wealth, which causes consumption to ________.
A)lowers; increase
B)lowers; decrease
C)raises; increase
D)raises; decrease

Name: A decrease in the price level ________ real wealth, which causes consumption to ________. A)lowers; increase B)lowers; decrease C)raises; increase D)raises; decrease
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Question

Quizplus · Accepted Answer

A decrease in the price level raises real wealth because money can buy more goods and services, leading to an increase in consumption.

A Decrease in the Price Level ________ Real Wealth, Which