The simple circular flow model shows that workers and capital-owners offer their services to firms through the

In most economies, resources are allocated by

A) a central planning board. B) a dictator. C) the combined and decentralized actions of millions of people. D) the majority's will.

Referring to the Aggregate Demand - Aggregate Supply diagram in Figure 8.1, which box should be filled with the label RGDP for the Real Gross Domestic Product? 

A. Box 2 B. Box 3 C. Box 6 D. Box 1