Solution-Explain the circular flow of income and expenditure

Explain the circular flow of income and expenditure

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Reference no: EM131424212

Draw, label and explain the circular flow of income and expenditure. With reference to the circular flow, explain the concept of an equilibrium level of GDP. In the Keynesian system, what forces operate to restore GDP to its equilibrium value if disequilibrium prevails?

Reference no: EM131424212

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Explain the circular flow of income and expenditure

Reference no: EM131424212

Reference no: EM131424212

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