What will happen to the value of money

Reference no: EM131175942

Suppose that changes in bank regulations decrease the availability of credit cards, so that people need to hold more cash.
If the Fed does not respond to this event, what will happen to the price level? What will happen to the value of money? Use the money market modelto support your argument. Be sure to label the vertical and horizontal axis in your graph.

Reference no: EM131175942

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