The lower portion of the circular flow model contains factor markets in which households provide:
a. output of all final goods and services produced.
b. savings, spending, and investment.
c. labor, money, and machines.
d. none of these.
d
Economics
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Refer to Figure 4.2. The game described in the payoff matrix is an example of a(n) ________ game
A) prisoner's dilemma B) pure coordination C) assurance D) battle of the sexes
Economics
The Federal Open Market Committee (FOMC) is responsible for managing the nation's
A) domestic economic policy. B) international trade policy. C) money supply. D) gold and silver reserves. E) wage and retirement policies.
Economics