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

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter14: Money And The Federal Reserve System

Section: Chapter Questions

Problem 15SQ

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