Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
Section: Chapter Questions
Problem 1PA
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Introduction to Economics
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Transcribed Image Text:The circular-flow diagram is a
Select one:
a.visual model of the economy
b.visual model of the relationships among money, prices, and businesses.
c.model that shows the effects of government on the economy.
d.mathematical model of how the economy works.
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