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The invisible hand in Adam Smith's book, The Wealth of Nations, is a dictator that plans the concomy centrally is the idea that prices adjust
The "invisible hand" in Adam Smith's book, The Wealth of Nations,
- is a dictator that plans the concomy centrally
- is the idea that prices adjust in the market until equilibrium is reached
- is the idea that choices made by individuals through self-interest lead to economics efficiency
- is the benevolent government that makes policies to benefit everyone
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Public Finance A Contemporary Application of Theory to Policy
Authors: David N Hyman
11th edition
9781305474253, 1285173953, 1305474252, 978-1285173955
