Author Question: According to the circular flow, the value of total output produced and total income A) will be ... (Read 110 times)

codyclark · **on:** Jun 30, 2018

According to the circular flow, the value of total output produced and total income

A) will be equal.
B) should increase by the unanticipated rate of inflation.
C) should differ by the value of intermediate goods.
D) will always be increasing in a capitalist economy.

Question 2

The duration of unemployment tends to

A) increase when employment increases.
B) increase when business activity decreases.
C) increase when the labor force shrinks.
D) stay consistently the same over long periods of time.