In the circular flow model, a. Prices in input markets are determined by the government. b. Prices

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In the circular flow model,

a. Prices in input markets are determined by the government.

b. Prices in output markets are determined by the government.

c. Governments engage in both the input and output markets.

d. The foreign sector engages only in input markets, not in output markets.

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Introduction To Economics Social Issues And Economic Thinking

ISBN: 9780470574782

1st Edition

Authors: Wendy A. Stock

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Question Posted: Oct 27, 2023 11:42 PM

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In the circular flow model, a. Prices in input markets are determined by the government. b. Prices

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Introduction To Economics Social Issues And Economic Thinking

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