Circular flow of the economy
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Last updated 8:09 AM on 2/18/26
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6 Terms
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Macroeconomics
Study of the overall performance of the economy
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Microeconomics
How individual people’s decisions affect the economy
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Households are?
Factors of production
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Firms are?
Producers of goods and services.
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Expenditures are?
Amount of money households spend on goods and services
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Note 
Flashcards (29)