Author Question: Refer to Figure 2-11. In the circular flow diagram, who are economic agents A and who are economic ... (Read 145 times)

Destiiny22 · **on:** Jun 29, 2018

Refer to Figure 2-11. In the circular flow diagram, who are economic agents A and who are economic agents B?

A) A = households; B = firms B) A= firms; B = product markets
C) A = firms; B = households D) A = households; B = factor markets

Question 2

Potential GDP in the United States

A) declines over time. B) changes over a given business cycle.
C) does not change over time. D) grows as the economy grows.