The phrase invisible hand" means that: a. Market prices are not always known to buyers and sellers. b. No one person or firm sets the price. c. Buyers and sellers often do not meet so the transactions are invisible. d. The tendency of competition to cause individuals and firms to unintentionally promote the interests of society.

Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.