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Circular flow shows different sectors
In the circular flow of income and spending, i.e. the basic flow of income and spending between households and firms
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Circular flow shows different sectors of the economy depending on each other. That means they are interdependent on each other.
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Using a Circular Flow diagram as a reference, describe how changes in one of the sectors of an economy will influence aggregate
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asked by
joe
597 views
Using a Circular Flow diagram as a reference, describe how changes in one of the sectors of an economy will influence aggregate
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asked by
yvette davis
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The U.S. capitalist system relies on a theoretical model, the circular flow model, with three basic elements interacting
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asked by
pearl
634 views
The reason markets work so well is that one person's output always becomes another person's input. Goods are produced and
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The circular flow model of a mixed economy shows _____.
how taxes and profits are related how government interacts with
1 answer
29 views
Which best demonstrates the way consumers and producers influence each other in the free-market system?
Responses assembly line
1 answer
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Which label shows where business fits on a circular flow diagram?
1 answer
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c to the left
d is at the top households is to the right b is at the bottom and a is in the middle which label shows where
5 answers
78 views