You and your friend Karen decide to open a salad shop. Use the interdependence principle to describe

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You and your friend Karen decide to open a salad shop. Use the interdependence principle to describe how this impacts the economy by drawing a circular flow diagram. Make sure you draw and explain the flows of resources and money between your salad shop, your employees, the output market, and the input market. How does your salad shop impact total spending, total output, and total income in the economy?

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Principles Of Macroeconomics

ISBN: 9781982166649

1st Canadian Edition

Authors: Betsey Stevenson, Justin Wolfers, Philip Oreopoulos, Kevin Milligan

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