Question 1. Explain how the circular flow diagram illustrates the interaction of households, governments, and business?
Question 2. Illustrate market equilibrium using supply and demand curves?
Question 3. Differentiate between movement along and shift of the demand curve?
Question 4. Explain the relationship between market and aggregate supply and demand?
Can your answers be in paragraphs and can you give me the sources.
Also can you give me the meanings to circular flow diagram, market equilibrium, demand curve and aggregate?
Thank you, your HELP is GREATLY needed and appreciated.