In the circular flow diagram model: O households receive income from businesses in exchange for providing inputs and use that income to buy goods and services from businesses.
In the circular flow diagram model: O households receive income from businesses in exchange for providing inputs and use that income to buy goods and services from businesses.
Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 1PA
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