The real-wealth effect indicates that: a. an increase in the price level will increase the demand for money, increase interest rates, and reduce consumption and investment spending. b. a lower price level will decrease the real value of many financial assets and therefore reduce spending. c. a higher price level will increase the real value of many financial assets and therefore increase spending. d. a higher price level will decrease the real value of many financial assets and therefore reduce spending. 1 points First Question Previous Question Question 16 of 26 Next Question Last Question Unsaved change Moving to another question will save this response