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5/5/20

[Answer] The circular flow model examines interactions between which two groups?

Answer: households and firms




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The circular flow model examines interactions between which two groups? Which statement best describes the circular flow model? The model represents the movement of money and resources throughout the economy. The circular flow model examines interactions between which two groups? The aim of the study of macroeconomics is to examine the behavior of factors affecting the economy. This is a graph showing price and total output in the short and long run. The circular flow model examines interactions between which two groups? Households and Firms . The circular flow describes the flow of money and products throughout the economy (a graphical representation of the movement of money between sectors – households and businesses – and markets – production factors products and financial market). The correct answer is A) Households and firms. The circular flow model is a visual used in economics to understand the relationships between households (aka families/individuals) and firms (aka businesses or corporations ). This model shows how households provide firms with labor that helps to generate products to sell. Fri Mar 24 2017 · The circular flow diagram of income (or circular flow model) is a graphic representation of the flows of goods and money between two different parts of an economy: the market for goods and services where families acquire goods and services from companies in exchange for money . Which statement best describes t...


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