Asked by TM
                According to the circular flow diagram, which of the following is true?
I. The government is a buyer in the product market
II. The government is a seller in the product market
III. The government is a borrower and financial markets
I only
II only
III only
I and III only
II and III only
I don't know what it is, but the government taxes firms and consumers and then spend money or something... I'm just really confused. I don't know what that means in the context of a circular flow diagram since government isn't traditionally shown. Please help? Thanks
            
        I. The government is a buyer in the product market
II. The government is a seller in the product market
III. The government is a borrower and financial markets
I only
II only
III only
I and III only
II and III only
I don't know what it is, but the government taxes firms and consumers and then spend money or something... I'm just really confused. I don't know what that means in the context of a circular flow diagram since government isn't traditionally shown. Please help? Thanks
Answers
                    Answered by
            TM
            
    nvm its I and III only
    
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