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What's the difference between a macroeconomic circular flow and a microeconomics circular flow? Please include the 2 diagrams.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter1: Introducing The Economic Way Of Thinking

Section: Chapter Questions

Problem 3SQP

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What's the difference between a macroeconomic circular flow and a microeconomics circular flow? Please include the 2 diagrams.

Branch of economics that analyzes the behavior and performance of an economy as a whole. It focuses on the study of aggregates and evaluates changes related to unemployment, gross domestic product, inflation, monetary and fiscal policies of the government.

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