ECON MACRO
5th Edition
ISBN: 9781337000529
Author: William A. McEachern
Publisher: Cengage Learning
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Chapter 6, Problem 2.4P
To determine
The Concept of Circular Flow model along with its steps.
Concept Introduction:
Circular flow model: It is the visual model which describes how the economy works and how the different sectors take part and exchange the resources in a circular way.
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