Describe the circular flow diagram. Why must all income equal spending in the economy?

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Core Macroeconomics

ISBN: 978-1464191435

3rd edition

Authors: Eric Chiang

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Question Posted: Dec 08, 2015 05:45 AM

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Describe the circular flow diagram. Why must all income equal spending in the economy?

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The circular flow diagram shows how the product and factor markets interact to p...View the full answer

Core Macroeconomics

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