The circular flow model examines interactions between two groups?
  • Output remains constant.
  • 2,3,5
  • Prices are set.
  • Household & Firm
The aggregate is
  • the Supply is determined by production costs, and demand is determined by need for the product.
  • the money paid to producers of imports leaves the country.
  • the total amount of goods demanded or supplied.
  • They take money out of the economic system?
In microeconomics, what occurs when equilibrium is reached?
  • the Supply is determined by production costs, and demand is determined by need for the product.
  • Output remains constant.
  • Prices are set.
  • Household & Firm
The circular flow model examines interactions between which sectors of the economy? Check all that apply.
  • 2.3.5
  • 2,3,5
  • Household & Firm
  • the Supply is determined by production costs, and demand is determined by need for the product.
Which challenges faced by an economy are examined in macroeconomics? Check all that apply.
  • 2.3.5
  • Household & Firm
  • They take money out of the economic system?
  • 2,3,5
Why are imports, which bring goods into a country, considered a leakage factor?
  • the money paid to producers of imports leaves the country.
  • the total amount of goods demanded or supplied.
  • the Supply is determined by production costs, and demand is determined by need for the product.
  • They take money out of the economic system?
According to this graph, how does supply behave in the long run?
  • Household & Firm
  • They take money out of the economic system?
  • Output remains constant.
  • Prices are set.
In microeconomics, price helps determine both supply and demand. Which other factors also help determine each?
  • the money paid to producers of imports leaves the country.
  • Prices are set.
  • the Supply is determined by production costs, and demand is determined by need for the product.
  • They take money out of the economic system?
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