The circular-flow diagram
A)is an economic model.
B)incorporates two types of decision makers: households and firms.
C)represents the flows of inputs,outputs,and dollars.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

The circular flow diagram is an economic model that includes two types of decision makers, households and firms, and represents the flows of inputs, outputs, and dollars. Therefore, all of the above choices are correct.

The Circular-Flow Diagram