Greetings, iam John Ruffin, Asalam walekum.
How Does Money Make The Circular Flow Model More Efficient? [Solved]
Bartering would slow down the circular flow model because each bartered item has different levels of intrinsic and extrinsic worth. However, money makes the circular flow model more efficient because it is quicker to pay with a medium of exchange that has a worth upon which everyone agrees.
Circular Flow Matrix- How the economy works
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Ch. 2-Part 3: Circular Flow Model
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Macroeconomics - The Circular Flow Model for a Closed Economy (UvA FEB AE/BA)
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