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Author Question: In a simple circular flow model, a. households are suppliers of resources. b. households are ... (Read 68 times)

serike

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on: Jun 30, 2018
In a simple circular flow model,
 a. households are suppliers of resources.
 b. households are demanders of final products.
  c. firms are demanders of resources.
 d. all of the above are true.

Question 2

A disaster that destroys a large part of current agricultural output will not change LRAS, while a disaster that destroys the capital stock in a major city will reduce LRAS.
 a. True
  b. False
  Indicate whether the statement is true or false


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CAPTAINAMERICA

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

True


serike

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  • Posts: 542
Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

31809pancho

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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