![](https://cos-cdn.shuashuati.com/pipixue-wap/2020-1230-1107-56/ti_inject-812ce.png)
Suppose that changes in bank regulations expand the availability of credit cards so that people need to hold less cash(假设银行监管改革使得信用卡的使用更广泛,因此人们可以持有较少的现金). If the Fed does not respond to this event, what will happen to the price level? Using a graph to explain 作图回答.