Circular Flow Model | Definition & Examples
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Study.comBrianna Whiting
Circular Flow Model | Definition & Examples
Learn the definition and significance of the circular flow model in economics and how it applies to real life. Understand and be able to apply the circular flow diagram and chart.
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SOLVED: Macroeconomics: Circular FlowIn the Circular Flow Model, the link between income and spending is shown. The different types of spending (C l G NX) are explained. The link between markets, spending, and income is illustrated. It explains how the economy works from a macroeconomic view. All of the above.
SOLVED: Macroeconomics: Circular FlowIn the Circular Flow Model, the link between income and spending is shown. The different types of spending (C l G NX) are explained. The link between markets, spending, and income is illustrated. It explains how the economy works from a macroeconomic view. All of the above.
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