We can organize the data youve just studied using the circular flow model a model of the
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We can organize the data you’ve just studied using the circular flow model —a model of the economy that shows the circular flow of expenditures and incomes that result from decision makers’ choices and the way those choices interact to determine what, how, and for whom goods and services are produced. Figure 2.4 shows the circular flow model.
Figure 2.4 The Circular Flow Model
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