Suppose that changes in bank regulations reduce the availability of credit cards so that people need to hold more cash. Show how this event affects the demand for money. Value of Monev (1/P) If the Fed does not respond to this event, the price level will True or False: If the Fed wants to keep the price level stable, it should increase the money supp True False .

1. Suppose that changes in bank regulations reduce the availability of credit cards so that people
need to hold more cash. Show how this event affects the demand for money. Value of Monev
(1/P) If the Fed does not respond to this event, the price level will True or False: If the Fed wants
to keep the price level stable, it should increase the money supp True False