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Author Question: The circular flow model illustrates that aggregate spending in the product markets equals 70 percent ... (Read 75 times)

xclash

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on: Jun 30, 2018
The circular flow model illustrates that aggregate spending in the product markets equals 70 percent of aggregate income earned in the factor markets.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following characterizes the classical view of the economy?
 a. The economy is inherently unstable.
  b. Prices and wages are not flexible.
  c. The economy will self-adjust to full employment.
  d. None of these.


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aliotak

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

False

Answer to Question 2

c


xclash

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Reply 2 on: Jun 30, 2018
Gracias!

chereeb

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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