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If consumer wealth decreases as the stock market plunges, then (3 points) there is a movement down the ad curve as price level decreased. ad shifts right and price level would decrease. ad shifts right and price level would increase. ad shifts left and price level would decrease. ad shifts left and the price level would increase.
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If consumer wealth decreases as the stock market plunges, then (3 points) there is a movement down t...
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