In the circular flow of economic life, which players are the main buyers in output markets?
A) economists
B) households
C) governments
D) banks
E) businesses
Correct Answer:
Verified
Q11: Input markets determine
A) all prices.
B) loans.
C) outputs.
D)
Q12: Which statement is false?
A) Consumer spending is
Q13: When everybody saves their money, aggregate savings
Q14: In the circular flow of economic life,
Q15: The economist most associated with the "No
Q17: According to the "Yes - Markets Self-Adjust"
Q18: The economist most associated with the "Yes
Q19: Speculative bubbles that helped trigger the Great
Q20: The fallacy of composition suggests
A) all for
Q21: According to the "No - Markets Fail
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