Oct 02, 2017 term paper 2

SUPPOSE WE EXTEND THE CIRCULAR FLOW MODEL TO ADD IMPORTS AND EXPORTS. COPY THE CIRCULAR FLOW…

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uppose we extend the circular flow model to add imports and exports. Copy the circular flow diagram onto a sheet of paper and then add a foreign country as a third agent. Draw a rough sketch of the flows of imports, exports, and the payments for each on your diagram.


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