The Circular Flow diagram is model of how the economy works. Explain how the model would change if the following events ocurred:  a. Households increase savings.  b. Drastic spending cuts are implemented by the government.  3. The online textbook identifi

The Circular Flow diagram is model of how the economy works. Explain how the model would change if the following events ocurred: a. Households increase savings. b. Drastic spending cuts are implemented by the government. 3. The online textbook identifi



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