Which of the following statements concerning the circular flow is FALSE?
A) The circular flow of economic activity shows how the overall economy operates
B) The circular flow emphasizes the independence of economic variables
C) There are two circular flows involved in the economy
D) The circular flow shows that real income is determined by physical goods and services produced in the economy
E) None of the above
Correct Answer:
Verified
Q23: In the circular flow diagram,economic units are
Q24: Which of the following statements is correct?
Q25: If inflation causes the demand for houses
Q26: If inflation is not observable in the
Q27: Unemployment below the full employment rate is
Q29: If the consumer price index is 100
Q30: When inflation redistributes income from one group
Q31: Which of the following is most likely
Q32: Which price index is also known as
Q33: If inflation stimulates production and employment,the economy
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