Explain the Circular Flow Diagram Model presented on Figure 1 according to 2 types of flows. Define
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Explain the Circular Flow Diagram Model presented on Figure 1 according to 2 types of flows. Define what is an economic model and why economists use economic models.
Related Book For
Macroeconomics Principles and Policy
ISBN: 9780324586213
11th Edition
Authors: William J. Baumol, Alan S. Blinder
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