In the circular flow diagram, which of the following is true in resource or factor markets?
(a) Households buy resources from business firms.
(b) Households sell products to business firms.
(c) Households sell resources to business firms.
(d) Business firms and households resources are unlimited.
Answer: (c) Households sell resources to business firms.
Economics
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Keynes's theory of the demand for money is consistent with
A) countercyclical movements in velocity. B) a constant velocity. C) procyclical movements in velocity. D) a relatively stable velocity.
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