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Briefly explain what the circular flow diagram illustrates for a macroeconomy.
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- explain what is the circular flow diagram illustrates for a macroeconomy.Which are the four components of the macroeconomy? Explain the interaction between these components through a circular flow diagramWhat are the important problems that constitute the subject matter of macroeconomics? Briefly explain them.
- Can you summarize how The Circular Flow Model works? Can you also show examples of using a The Circular Flow ModelDraw the circular flow diagram of 4 main components (Agents) of macroeconomics and clearly show the interaction among them.How do you think your life is affected by macro economic forces? Provide examples as well. Just a summary please:) 1 and a half paragraph