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☆☆☆☆☆The Federal Reserve can change the money supply with 1) open market operations, 2)making changes in the reserve ratio, and 3) making changes in the discount rate. Of the three policies the open market is the most common.
business cycles
Board of Governors
Government of Pakistan always set a minimum price level of wheat to support the farmers from disheartening. Means that if the farmer is getting less price for its wheat crop in the open market. He may sell his wheat to government of Pakistan at a high price which set by the government.
A unitary-elastic supply indicates a good with a supply-price elasticity of one, which means that a 1% change in price increases supply by 1%.
The Federal Open Market Committee. The Federal Open Market Committee (FOMC) consists of seven Federal Reserve Board members and five Federal Reserve bank representatives. The FOMC sets monetary policy by.
