An economic policy in which a government dictates much of a nation's economic activity, including levels of production and prices, would best be described as a

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A command-and-control economy refers to a centralized government that makes decisions on how resources should be allocated, what goods and services should be produced, and at what prices they should be offered. This type of economy is characterized by extensive regulation and government intervention, and limits individual freedom and choice in economic decision-making.

An Economic Policy in Which a Government Dictates Much of a Nation's