6 According to the circular flow diagram in Exhibit 6, consumption spending flows into U.S. product markets

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6 According to the circular flow diagram in Exhibit 6, consumption spending flows into U.S. product markets but import spending does not. But U.S. households buy imported goods in U.S. markets, don’t they? Explain.

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Economics

ISBN: 9780324595420

9th Edition

Authors: Roger A. Arnold

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Question Posted: Nov 02, 2024 07:01 AM

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6 According to the circular flow diagram in Exhibit 6, consumption spending flows into U.S. product markets

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