Fundamentals of economics
1. Explain how the circular flow diagram illustrates the
interaction of households, governments, and business?
2. Illustrate market equilibrium using supply and demand
curves?
3. Differentiate between movement along and shift of the
demand curve?
4.Explain the relationship between market and aggregate supply
and demand?
Also give the meanings to circular flow diagram,
market equilibrium, demand curve and aggregate?
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