Using the Circular flow of money and goods, discuss how decisions in a household affected the economic flow during this pandemic.

Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter10: Financing And Producing Goods
Section10.3: The Production Process
Problem 5R
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Using the Circular flow of money and goods, discuss how decisions in a household affected the economic flow during this pandemic.
The circular flow of money and goods
Goods and services
Consumer expenditure
Wages, rent, dividends
Households
Firms
Factors for production
Transcribed Image Text:The circular flow of money and goods Goods and services Consumer expenditure Wages, rent, dividends Households Firms Factors for production
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