In three to five sentences, explain the role of the household in the circular flow model. Which role is the most important?
Why?
1.
PLANO
WRITER

Why did friedrich hayek call expansionary spending dangerous? o he felt it could lower the money supply and cause deflation. o he felt it could lead to inflation and poor decisions by consumers. o he felt it could lead to deflation and poor decisions by consumers. o he felt it could lower available credit and cause a drop in prices.

What is the rule relating the ratio of marginal utility to prices of two goods at the optimal choice? explain why, if this rule does not hold, the choice cannot be utility-maximizing.

Government run farms are known as a. pastoral b. collectives c. irrigation d. dalits