  It is well known that magnification bias, the modulation of galaxy or quasar
source counts by gravitational lensing, can change the observed angular
correlation function. We investigate magnification-induced changes to the shape
of the observed correlation function w(\theta) and the angular power spectrum
C_{\ell}, paying special attention to the matter-radiation equality peak and
the baryon wiggles. Lensing mixes the correlation function of the source
galaxies with the matter correlation at the lower redshifts of the lenses.
Since the lenses probe structure nearer to the observer, the angular scale
dependence of the lensing terms is different from that of the sources, thus the
observed correlation function is distorted. We quantify how the lensing
corrections depend on the width of the selection function, the galaxy bias b,
and the number count slope s. The correction increases with redshift and larger
corrections are present for sources with steep number count slopes and/or broad
redshift distributions. The most drastic changes to C_{\ell} occur for
measurements at z >~1.5 and \ell <~ 100. For the source distributions we
consider, magnification bias can shift the matter-radiation equality scale by
1-6% at z ~ 1.5 and by z ~ 3.5 the shift can be as large as 30%. The baryon
bump in \theta^2w(\theta) is shifted by <~ 1% and the width is typically
increased by ~10%. Shifts of >~ 0.5% and broadening of >~ 20% occur only for
very broad selection functions and/or galaxies with (5s-2)/b>~2. However, near
the baryon bump the magnification correction is not constant but a gently
varying function which depends on the source population. Depending on how the
w(\theta) data is fitted, this correction may need to be accounted for when
using the baryon acoustic scale for precision cosmology.
