Management by objectives is a collection of efforts that are initiated by the management team of the organization to create realistic/achievable goals for the team members in order to bring the organization closer to its goals.
This will include developing and issuing assignments, setting up deadlines, and Creating a measurable standard to judge members' performance
b. and the equilibrium quantity of loan-able funds both would be higher.
Explanation:
If in the past congress had taken additional actions to make savings more rewarding, then today it is likely that the equilibrium interest rate would be lower and the quantity of loan-able funds would be higher.
Savings are affected by interest rate reward in that, when the interest rate are more rewarding, then, there shall be more customers ready to save their money and vice versa.
The quantity of loan-able funds shall go higher out of the increased willingness to save.
The central planers- all of those who are employed by this central planning have there livelihood planed out by this economy
Black market smugglers- These smugglers get more traffic when the economy doesn't deliver its needs to the people so this is when the profit is happens very often in planned economy.
Who suffers:
Entrepreneurs are banned from starting there own business that sell there own product
Business have product overflow in some categories and shortfall in many others
Common people may not be able to buy there needs or what they want
