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Answer to Question #61136 in Macroeconomics for Thomas
Question #61136
Chapter 4 Homework
28. Identify each of the following as involving either
demand or supply. Draw a circular flow diagram and
label the flows A through F. (Some choices can be on
both sides of the goods market.)
a. Households in the labor market Supply
b. Firms in the goods market Supply
c. Firms in the financial market Supply
d. Households in the goods market Demand
e. Firms in the labor market Demand
f. Households in the financial market demand
28. Identify each of the following as involving either
demand or supply. Draw a circular flow diagram and
label the flows A through F. (Some choices can be on
both sides of the goods market.)
a. Households in the labor market Supply
b. Firms in the goods market Supply
c. Firms in the financial market Supply
d. Households in the goods market Demand
e. Firms in the labor market Demand
f. Households in the financial market demand
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