How will the following affect (increase or decrease) the price level (in the long run)? (a) technological progress that increases real GDP (b) an increase in credit card usage (c) an increase in the usage of cryptocurrencies for transaction purposes (d) a complete abolishment of federal deposit insurance

How will the following affect (increase or decrease) the price level (in the long run)? (a) technological progress that increases real GDP (b) an increase in credit card usage (c) an increase in the usage of cryptocurrencies for transaction purposes (d) a complete abolishment of federal deposit insurance

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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