angelagarza970oxpde7 angelagarza970oxpde7
  • 01-11-2017
  • Physics
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Which statement best describes the circular flow model?

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CometZ CometZ
  • 01-11-2017
 It's a economic model illustrating the flow of goods and services though the economy. In the model, producers are termed as "firms". Consumers are referred to as "households." Firms supply goods and services while households consume these goods and services.
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