Is it theoretically possible for general equilibrium to be ...

[itsmyluck]

Is it theoretically possible for general equilibrium to be attained? Is it likely that general equilibrium will be attained? Explain.
 
  What will be an ideal response?

Question 2

Which of the following is not a tool the Fed uses to manage the money supply?
 
  A) open market operations
  B) setting the discount rate
  C) setting reserve requirements for deposits in the banking system
  D) expanding and contracting deposit insurance

[lin77x]

Answer to Question 1

Yes it is theoretically possible for a general equilibrium to be attained. But it is highly unlikely that general equilibrium will be attained, as all the assumptions of perfectly competitive markets are not likely to hold.

Answer to Question 2

D

[itsmyluck]

Wow, this really help

[dantucker]

Thanks for the timely response, appreciate it