[Answer] In the circular flow model looking at just firms and households. Do physical goods and money flow in the same direction?

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In the circular flow model looking at just firms and households. Do physical goods and money flow in the same direction? The circular flow diagram of economic activity is a model of the: flow of goods services and payments between households and firms In the ______________ households receive goods and services and pay firms for them In the circular flow model both firms and households buy or sell in different markets. When the total U .S. production of goods and services is divided into consumption goods and services capital goods government goods and services and export goods and services the largest component is One of the main basic models taught in economics is the circular-flow model which describes the flow of money and products throughout the economy in a very simplified way. The model represents all of the actors in an economy as either households or firms ( companies ) and … 2.1.2 In the circular flow model equilibrium occurs when all the spending of households and firms equals the income received by the factors and goods and services markets . 2.1.2 In the circular flow model households What is a Circular Flow Model ? Home » Accounting Dictionary » What is a Circular Flow Model ? Definition: A Circular flow model of the economy is a graphical representation of the movement ...

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