Author Question: In a simple circular flow model, a. households are suppliers of resources. b. households are ... (Read 80 times)

serike · **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