In a simple circular flow model, a. households are suppliers of ...

[serike]

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

[CAPTAINAMERICA]

Answer to Question 1

d

Answer to Question 2

True

[serike]

Thanks for the timely response, appreciate it

[rachel]

Gracias!