Problem
1. Which sector (household, business, or international) spends the most? Which sector spends the least? Which sector, because of volatility, has importance greater than is warranted by its size?
2. Using the circular flow diagram, illustrate the effects of an increase in taxes imposed on the household sector.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.