The economic system that answers the What, How and For Whom questions by central authority is a:

a. market economy. b. command economy
c. traditional economy. d. any of these

b

Economics

You might also like to view...

An increase in the government budget deficit will shift the ________ curve for loanable funds to the ________ and the equilibrium real interest rate will ________

A) supply; right; fall B) supply; left; rise C) demand; left; fall D) demand; right; rise

Economics

In the Keynesian model in the short run, an increase in the money supply will cause

A) an increase in output and a decrease in the real interest rate. B) a decrease in the real interest rate but no change in output. C) an increase in the real interest rate and an increase in output. D) no change in either the real interest rate or output.

Economics