The definition of Adam smith’s “invisible hand”.

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Some people say that since inflation can be reduced in the long run without an increase in unemployment, we should reduce inflation to zero. Others believe that a steady rate of inflation at, say, 3 percent, should be our goal. What are the pros and cons of these two arguments? What, in your opinion, are good long-run goals for reducing inflation and unemployment?

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Chapter 1, Problem 4CQQ

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The definition of Adam smith’s “invisible hand”.

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