Question: Why is it important for managers to understand the GDP and the circular flow? 5. Why is it important for managers to understand the GDP

Why is it important for managers to understand the GDP and the circular flow? 5. Why is it important for managers to understand the GDP and the circular flow? d. Understand price levels and inflation. c. To understand how Inelastic demand works. b. Both of these cycles are necessary to make the economy work. a. To understand how market structure such as Monopolistic Competition works

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