An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________. increase; a higher price level reduces…

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An increase in the price level results in a(n) ________ in the quantity of real GDP demanded because ________.

increase; a higher price level reduces consumption, investment, and net exports.decrease; a higher price level reduces consumption, investment, and net exports.decrease; a higher price level increases consumption, investment, and net exports.increase; a higher price level increases consumption, investment, and net exports.

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