Increases in the price level will
A)lower consumption because goods and services are less affordable.
B)raise consumption because some goods and services are more affordable.
C)raise consumption because real wealth increases.
D)lower consumption because real wealth decreases.
E)increase consumption because nominal interest rates will fall.

Question

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The Answer of Increases in the price level will
A)lower consumption because goods and services are less affordable.
B)raise consumption because some goods and services are more affordable.
C)raise consumption because real wealth increases.
D)lower consumption because real wealth decreases.
E)increase consumption because nominal interest rates will fall.

Increases in the Price Level Will