Art Buchwald's article, "Squaring the Economic Circle," is a humorous description of what happens to total income if:
A) Prices of products started falling significantly
B) People bought consumer goods instead of investment goods
C) Consumers bought imported goods instead of domestic products
D) People and firms stopped buying from one another

Question

Quizplus · Accepted Answer

The article humorously describes the economic consequences when people and firms stop buying from one another, leading to a breakdown in economic activity and income circulation.

Art Buchwald's Article, "Squaring the Economic Circle," Is a Humorous