1. Which of the following is true? The simple circular-flow diagram I. includes only the product markets....

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1. Which of the following is true? The simple circular-flow diagram I. includes only the product markets.

II. includes only the factor markets.

III. is a simplified representation of the macroeconomy.

a. I only

b. II only

c. III only

d. I and III only

e. none of the above

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Krugmans Economics For Ap

ISBN: 9781429218276

2nd Edition

Authors: Margaret Ray, David A. Anderson

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Question Posted: Oct 03, 2024 05:02 AM

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1. Which of the following is true? The simple circular-flow diagram I. includes only the product markets....

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Krugmans Economics For Ap

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