1630EconomicsMedium
Equilibrium in the circular flow of income occurs when?
AThere is a Bank Holiday
BInjections = withdrawals
CNone of these
Correct answer
B. Injections = withdrawals
Explanation
The correct answer is Injections = withdrawals.
Correct answer
B. Injections = withdrawals
Explanation
The correct answer is Injections = withdrawals.
Suppose the economy is initially is long run equilibrium Then suppose there is a drought that destroys much of the wheat crop According to the model of aggregate demand and aggregate supply, what happens of prices and output in the short run?
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