Multiple Choice
In the circular flow diagram, households ________ goods and services and ________ labor.
A) demand; demand
B) supply; demand
C) demand; supply
D) supply; supply
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q27: Welfare payments are an example of<br>A) a
Q28: The employment rate equals<br>A) labor force/population.<br>B) (labor
Q29: Since 1970, the annual inflation rate in
Q30: Keynesian economists believed that economic slowdowns are
Q31: Deflation occurs when<br>A) the average price level
Q33: The term business cycle refers to the<br>A)
Q34: An increase in the value of an
Q35: Expansionary fiscal policy includes raising taxes.
Q36: Households, firms, and government purchase from the
Q37: Since 1970, the U.S. economy has experienced