The simplified version of the circular flow of economic activity
A) includes households and the foreign sector and omits businesses and government.
B) includes households and businesses and omits the foreign sector and government.
C) includes businesses and government and omits households and the foreign sector.
D) includes businesses and the foreign sector and omits households and government.
Correct Answer:
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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
Q12: Each of the following is one of
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
Q18: Which of the following is included in
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