Adam Smith believed that people's pursuit of their own self-interests

ECONOMICS

Multiple Choice

Adam Smith believed that people's pursuit of their own self-interests

a.tended to promote the general welfare

b.required the government's "invisible hand" to keep the economy running smoothly

c.might cause aggregate demand to be greater than aggregate supply

d.would increase the wealth of a nation, which was the quantity of gold and silver it owned

e.would decrease the wealth of a nation, which was its ability to produce goods and services

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