What two groups of decision makers are represented in the basic circular flow model?
A) governments and financial institutions
B) lenders and borrowers
C) wholesalers and retailers
D) bankers and regulators
E) households and firms
E
You might also like to view...
In long-run equilibrium with trade, losses from import competition will force some firms to ______________, increasing demand for the remaining firms' output, which will then cause their demand curves to become ______________, due to the increased variety of products from _______________.
a. raise prices; steeper; new firms entering the industry b. leave the industry; flatter; foreign firms c. lower prices; more inelastic; new firms entering the industry d. lay off workers; more elastic; the research and development departments in firms
ABC Hospital's scores in the top 5% of PA Hospitals for quality performance by December 2018.
SMART Not SMART