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Economics

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Jasen Runte

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Cards in this guide (7)
What are the three ways the Federal reserve can change the money supply

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.

What is a market supply schedule

A market supply schedule is a chart that list how much of a good all suppliers will offer at different prices.

What are the leading economic indicators supposed to predict

business cycles

Who oversees the federal reserve system

Board of Governors

An example of price floor in Pakistan

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.

What is an unitary elastic supply

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%.

What are the main components in the Federal Reserve banks

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.

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