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Adam Smith believed that the Invisible Hand would work through markets to stabilize the economy. Describe three examples where you think the Invisible Hand and
Adam Smith believed that the Invisible Hand would work through markets to "stabilize" the economy. Describe three examples where you think the Invisible Hand and people's faith in the markets does not hold. Discuss the inefficiencies that, in your opinion and analysis, are present, and why aren't we on the production possibilities curve.
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