The circular flow diagram shows
A) how nominal GDP is distinct from real GDP.
B) the effects of inflation in a simple economy.
C) how the prices of factors are determined.
D) the flows between different sectors of the economy.
Correct Answer:
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Q25: The circular flow of income shows that
A)
Q26: The circular flow diagram indicates that
A) firms
Q27: The factor market can best be described
Q28: In the circular flow model, consumption expenditures
Q29: The circular flow shows that the household
Q31: In the circular flow diagram, aggregate expenditure
Q32: In the circular flow model of an
Q34: Compared to the other sources of spending,
Q35: The circular flow diagram shows that
A) goods
Q41: 
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