The circular flow diagram shows
A) how nominal GDP is distinct from real GDP.
B) how the prices of factors are determined.
C) the effects of inflation in a simple economy.
D) the flows between different sectors of the economy.
D
Economics
You might also like to view...
Which of the following is held constant when constructing a production possibilities curve?
A) the price level B) the income level C) combination of goods produced D) the amount of total resources used
Economics
A reserve requirement of 5 percent implies a potential money deposit multiplier of
a. 5. b. 10. c. 20. d. 25.
Economics