<span>A. French began to settle colonies in the early 1600's B. Samuel de Champlain made 11 voyages to explore lands along the St. Lawrence River. He established settlement on the banks of the river named Quebec</span>
A command economy typically has:
- The demand and the supply controlled by the government.
- Prices that are artificially controlled.
- Resource allocation is determined by macroeconomic considerations, as opposed to those of small firms or business owners.
The most famous example was that of the former Soviet Union.
I believe the answer is:<span>the government can change real output </span> <span>only by making unexpected changes in aggregate demand.
Without making the unexpected changes, the market would most likely anticipate the movement of market equilibrium and adjust that output to obtain maximum profit. Because of this, the government has to utilize the element of surprise that prevent the people on the market to create their adjustment</span>
A body of fundamental principles or established precedents according to which a state or other organisation is acknowledged to be governed
