In conducting quantitative easing, the Fed may decide to purchase mortgage securities to do all of the following EXCEPT:

A. affect long-term interest rates.
B. influence average home prices.
C. reduce interest rates on home purchases.
D. increase the amount of bank reserves.

Ans: B. influence average home prices.

Economics

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The United Company competes with many other firms each producing slightly different products. Firms freely enter and exit this industry. The type of industry United Company operates in is

A) a monopoly. B) monopolistic competition. C) oligopoly. D) perfect competition. E) oligopolistic monopoly.

Economics

What does the concept of "invisible hand" imply?

What will be an ideal response?

Economics