Question
According to the circular flow model, which of the following is true? a. Production, income and spending are all equal b. Aggregate production is equal
According to the circular flow model, which of the following is true?
a.
Production, income and spending are all equal
b.
Aggregate production is equal to business profits
c.
Payment to the factors of production equal the overall money supply
d.
Total spending equals the total profits plus the capital interest earnings
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Managerial Economics Theory Applications and Cases
Authors: Bruce Allen, Keith Weigelt, Neil A. Doherty, Edwin Mansfield
8th edition
978-0393124491, 393124495, 978-0039391277, 393912779, 978-0393912777
