Describe how the circular flow diagram illustrates the, Ask an Expert

Economics

1. Describe how the circular flow diagram illustrates the interaction of households, governments, and business?

2. Illustrate market equilibrium using supply and demand curves?

3. Differentiate between movement along and shift of the demand curve?

4. Describe the relationship between market and aggregate supply and demand?

Can your answers be in paragraphs and can you give me the sources.
Also can you give me the meanings to circular flow diagram, market equilibrium, demand curve and aggregate?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M9309829

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