Ordinary Americans Without Immediate Access to Cash Were Still Able

question 125

Short Answer

Ordinary Americans without immediate access to cash were still able to purchase consumer goods using the ____________________ plan.

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Definitions:

Money Market

A segment of the financial market where short-term financial instruments with high liquidity are traded.

Interest-Rate Effect

The interest-rate effect describes how changes in the price level lead to changes in interest rates and thus in the quantity of goods and services demanded.

Aggregate Demand Curve

Represents the total demand for all goods and services within a certain market at various price levels, holding all else equal.

Aggregate Demand

The total demand for all goods and services within a particular market or economy at current price levels.