If the Price Level Rises, Then the Wealth Effect Leads

Multiple Choice

If the price level rises, then the wealth effect leads to

A) an increase in real wealth, an increase in current consumption expenditure, and an increase in saving.
B) an increase in real wealth, an increase in current consumption expenditure, and a decrease in saving.
C) a decrease in real wealth, an increase in current consumption expenditure, and an increase in saving.
D) a decrease in real wealth, an increase in current consumption expenditure, and a decrease in saving.
E) a decrease in real wealth, a decrease in current consumption expenditure, and an increase in saving.