The neoclassical view is not especially helpful in explaining why __________ moves up and down over short time horizons of a few years.

Which of the following are represented by the same flow in the circular flow model?

A) the flow of costs and the flow of revenue B) the flow of goods and the flow of factors of production C) the flow of income earned from the sale of resources and the flow of expenditures on goods and services D) the flow of income received by households and the flow of tax revenues paid by firms

What is the result when real planned saving exceeds real planned investment spending?

A) The economy is in equilibrium. B) There is unplanned accumulation of business inventories. C) There is unplanned depletion of business inventories. D) Employment expands.