Match the three frameworks of understanding the functioning of the economy to the aspects of the Circular Flow Model each one emphasize. Classical Monetarist KeynesianA.markets as regulators of the Circular Flow, with the product markets as keyB.inside flow of real things compered to the outside flow of moneyC.bottom flow of income compared to the top flow of spending

The Circular Flow Model (CFM) is a simplified representation of the flow of goods, services, money,…

Answered: Match the three frameworks of…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Match the three frameworks of understanding the functioning of the economy to the aspects of the Circular Flow Model each one emphasize.

	Classical
	Monetarist
	Keynesian

A.	markets as regulators of the Circular Flow, with the product markets as key
B.	inside flow of real things compered to the outside flow of money
C.	bottom flow of income compared to the top flow of spending

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