According to the circular flow model, an increase in spending by businesses on productive resources would cause the income and spending of consumers to increase

The government of Richland has set a minimum wage for factory workers. This will lead to an ________ if above the current market wage

A) increase in total surplus B) increase in the number of workers supplied C) excess demand for workers D) increase in income inequality

Economic growth at constant prices will never lead to a fall in the output of one good

Indicate whether the statement is true or false