The statement " An economist would look for data on past changes in the money supply, and note the resulting changes in the price level " is correct.
Explanation:
In the past, the knowledge economist will research price-money ties and observe trends; then analyse data, and establish the theory.
Financial experts analyse the market activity of economists. Their main responsibility includes the compilation and review of economic and socio-economic data, guidance on economic choices for companies and governments and the creation of models for economic predictions.
- Financial political and socio-economic data collection and review.
- Surveys and diverse sampling techniques are carried out.
- Researching different areas such as governance, economics, employment, electricity, etc.
- Using historical information. Market trends analysis.
Answer:
PART-1
How should each instrument be changed if the Fed wishes to decrease the money supply?
The Fed would deportment open-market sales, increase the discount rate, and raise interest paid on reserves.
PART-2)
Will the change affect the monetary base and/or the money multiplier?
The money multiplier refers to the capacity of money that financial institute like banks produce with each dollar of funds. Money base is exaggerated by the open-market processes and discount rate. Any alteration in interest expenditures on reserves modifies the money multiplier.
Answer:
ISO 9000
Explanation:
In this question, the quality of standard being mentioned is known as the ISO 9000. This is a set of standards that helps organizations make sure that they are meeting the customer and shareholder needs as well as complying to the statutory and regulatory requirements that exist regarding the product or service. This is the main quality of standards that are enforced and required by the European Union for every firm in its marketplace.
