[Answered] In the simple circular flow model of the economy, total expenditures on goods and services equal ...

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jerry coleman

Hero Member
Posts: 570

on: Jun 30, 2018

In the simple circular flow model of the economy, total expenditures on goods and services equal total household income.
a. True
b. False
Indicate whether the statement is true or false

Question 2

A change in foreign demand does not affect aggregate demand.
a. True
b. False
Indicate whether the statement is true or false

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Marked as best answer by a Subject Expert

jgranad15

Sr. Member
Posts: 345

Reply #1 on: Jun 30, 2018

Answer to Question 1

True

Answer to Question 2

False

jerry coleman

Member
Posts: 570

Reply 2 on: Jun 30, 2018

Excellent

jojobee318

Member
Posts: 298

Reply 3 on: Yesterday

Gracias!

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