In the circular flow diagram, money flows from firms to households through the
a. product market
b. payments market
c. goods market
d. services market
e. resource market
E
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The M2 measure of the money supply equals
A) M1 plus savings account balances plus small-denomination time deposits. B) savings account balances plus small-denomination time deposits plus traveler's checks. C) M1 plus savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares. D) savings account balances plus small-denomination time deposits plus noninstitutional money market fund shares.
In order to accumulate the resources that they needed to make interest payments, Latin American countries were forced to used macroeconomic policies that
A) devalued their currencies and caused deep recessions. B) revalued their currencies and caused increased inflation. C) devalued their currencies and caused increased inflation. D) revalued their currencies and caused deep recessions.