In the simple circular flow model, Multiple Choice there are real flows of goods, services, and resources, but not money flows. businesses are sellers of final products. households are sellers of final products. households are buyers of resources.

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter2: Thinking Like An Economist
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In the simple circular flow model,
Multiple Choice
there are real flows of goods, services, and resources, but not money flows.
businesses are sellers of final products.
households are sellers of final products.
households are buyers of resources.
.......:
Transcribed Image Text:In the simple circular flow model, Multiple Choice there are real flows of goods, services, and resources, but not money flows. businesses are sellers of final products. households are sellers of final products. households are buyers of resources. .......:
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