The Federal<span> Reserve does </span>not<span> supervise or regulate </span>credit unions<span>. Federally chartered </span>credit unions<span> are regulated by the National </span>Credit Union<span> Administration, while state-chartered </span>credit unions<span> are regulated at the state level. The Fed is one of several banking regulatory agencies at the </span>federal<span> level.</span>
Answer:
The intuition behind the real wealth effect is that when the price level decreases, it takes less money to buy goods and services. The money you have is now worth more and you feel wealthier. So, in response to a decrease in the price level, real GDP will increase.
Explanation:
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