Each of the following is one of the four dominant concepts of the rhetoric of economics except
A) the image of the circular flow of purchasing power through the economy.
B) the use of the word "market" to describe a physical place where exchange occurs.
C) the idea of "equilibrium": that economic processes tend to move the economy into some sort of balance, . and to keep the economy at this point of balance.
D) the use of graphs and diagrams as an alternative to equations and arithmetic in expressing economic relationships.
Correct Answer:
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Q7: According to the Phillips Curve, in the
Q8: According to the Phillips Curve, in the
Q9: Each of the following is one of
Q10: Each of the following is one of
Q11: Each of the following is one of
Q13: The simplified version of the circular flow
Q14: The simplified circular flow diagram links
A) households
Q15: Which of the following represents the components
Q16: Which of the following represents the uses
Q17: Which of the following is included in
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