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Business, 04.12.2019 01:31 anahi8621

In the simple circular flow model,
a. profits are a type of income that is not received by households.
b. households spend their entire income on consumer products.
c. businesses buy labor services from households, but supply other factors of production themselves.
d. households spend the income they receive from labor services but save the income they receive from selling the other factors of production.

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In the simple circular flow model,
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