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Question 11 1 pts The {simple version, i.e., the one from class} circular flowr model 0 illustrates the interdependence of businesses and consumers 0 illustrates
Question 11 1 pts The {simple version, i.e., the one from class} circular flowr model 0 illustrates the interdependence of businesses and consumers 0 illustrates how natural resources are created 0 explains the importance of the stock market C: barter is the method of exchange of stuff Perhaps the major implication of the circular flow is that (hint: What's the "Secret of the Universe"?) O someone's spending/expenditure is (eventually) someone's earnings/income O with government intervention in the economy, we're doomed O without government intervention in the economy, we're doomed O prices are "discovered" in marketsQuestion 16 1 pts Holding supply constant, a decrease in (overall) demand will result in a(n) Note: P*=equilibrium price & Q*=equilibrium quantity increase in P* and a decrease in Q* O decrease in P* and an increase in Q* O decrease in P* and Q* O increase in P* and Q*
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