This topic contains a solution. Click here to go to the answer

Author Question: The circular flow model illustrates that aggregate spending in the product markets equals 70 percent ... (Read 86 times)

xclash

  • Hero Member
  • *****
  • Posts: 681
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.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

aliotak

  • Sr. Member
  • ****
  • Posts: 326
Answer to Question 1

False

Answer to Question 2

c




xclash

  • Member
  • Posts: 681
Reply 2 on: Jun 30, 2018
Wow, this really help


debra928

  • Member
  • Posts: 342
Reply 3 on: Yesterday
Excellent

 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

For a complete list of videos, visit our video library