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lbvjy [14]
3 years ago
9

In the former USSR, state planners decided what was to be produced. They passed orders down to factories, allocating raw materia

ls, workers, and other factors of production to them. This is an example of (a):
Business
1 answer:
ValentinkaMS [17]3 years ago
4 0

Answer:

Command Economy

Explanation:

Command economy is an economic system in which the economic resources is left in the hands of the government, in this system, the economic problems of what to produce, how to produce, for whom to produce and when to produce are solved by the government through a central planning committee.

The operators of this system believe the market will not be efficient enough in the allocation of resources because of market failure

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The prime rate is the base rate for any financial transaction. The prime rate is considered for each type of lending instruments by the bank. bank add a margin % over the prime rate and offer loan/instrument at the increased rate.

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The Prime Rate has increased from 3.25% to 4.25%, it means the increase of 1%. Hence the A.P.R. Shall also increase by 1%.

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The long-run aggregate supply curve shifts right if:
Pani-rosa [81]

The long-run collective supply curve shifts right if productivity increases or the price of key inputs decrease. It makes the combination of the lower inflation, higher output and lower unemployment.

<h3 /><h3>What is aggregate supply?</h3>

Aggregate supply is also called total output, it is the total production of the goods and services within an economy at the overall price at the given period.

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