The simple circular flow model without leaks or injections, Ask an Expert

Economics

The simple circular flow model (without leaks or injections) shows that an economy reaches equilibrium when:

a. households save as much as they can

b. the value of goods and services equals the sum of factor payments

c. more capital goods are produced than consumer goods

d. inflation is low

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91722061

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