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QUESTION
Other things being equal, the higher the price level, the lower the level of domestic output purchased. This occurs because of: the real-balances...
Other things being equal, the higher the price level, the lower the level of domestic output purchased. This occurs because of:
A. the real-balances effect.
B. consumer spending on capital goods.
C. the full-employment-unemployment rate.
D. the sensitivity to demand-pull inflation.
