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Aggregate supply curve

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20. In a command system, economic decision making is carried out by which group?
a. social infrastructure board (SIB)
b. Central planning board (CPB)
c. Central economic advisory board (CEAB)
d. Workers central board (WCB)

21. What does the aggregate supply curve represent in the product market?
a. the various amounts of money that the federal reserve will supply at each price level
b. the various amounts of real output that businesses will produce at each price level
c. the various amounts of real output that the government will produce at each price level
d. the various amounts of resources that households will supply at each price level

22. In which account in the balance of payments of the US would import of goods be recorded?
a. capital account entry
b. current account entry
c. financial account entry
d. official reserves entry

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Solution Preview

20. In a command system, economic decision making is carried out by which group?

b. Central planning board (CPB)

http://www.answers.com/topic/economic-system-1

21. What does the aggregate ...

Solution Summary

Response discusses the aggregate supply curve

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