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3 January, 03:12

Which statement best describes the circular flow model? declining innovation inflation unemployment bankruptcy decreased output

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  1. 3 January, 03:18
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    Among the given choices, it is inflation that best describes the circular flow model. Primarily, the circular flow model illustrates the production and consumption of goods leading to a flow of income. As this cycle continues, the rise of prices of goods and services is possible due to the increasing amount of demand.
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