The "invisible hand" described by Adam Smith refers to the
a. allocative role of markets and market forces
b. importance of government intervention and central planning
c. actions of successful entrepreneurs in directing the economy
d. role of monopolized industries in leading the nation
e. value of religious belief in creating an ideal economy
A
Economics
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Real-world continued inflation is probably a result of continued
A) increases in aggregate demand. B) decreases in aggregate demand. C) increases in aggregate supply. D) decreases in aggregate supply.
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Theoretically, what is the highest possible Herfindahl Index?
A. 100 B. 1,000 C. 10,000 D. 100,000
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