One of the features of the circular flow model is that it shows the:
a. interaction between the government and firms in the financial market
b. interaction between employers and employees in the labor market.
c. interaction between households and firms in the market for goods and services.
d. interaction between large business houses and households in the financial market.
c
Economics
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What do economists call a situation in which consumers buy a different quantity than they did before, at every price?
(A) A move along the demand curve. (B) A shift in size of the demand curve. (C) A change in expectations. (D) A change in demand.
Economics
If aggregate expenditure is less than GDP, inventories will
a. grow and prices will fall b. grow and GDP will rise c. grow and GDP will fall d. shrink and GDP will rise e. shrink and GDP will fall
Economics