Multiple Choice
The simple circular flow model shows that
A) households are on the demand side of both the product and resource market
B) firms are on the demand side of both the product and resource market
C) households are on the supply side of the resource market and the demand side of the product market
D) firms and governments are on the supply side of the loanable funds market
E) governments are on the demand side of the product market and the supply side of the resource market
Correct Answer:
Verified
Correct Answer:
Verified
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