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Use the following to answer questions:
-(Figure 7-1: Circular-Flow Model) Use Figure 7-1: Circular-Flow Model. If the circular-flow model is in equilibrium (the sum of money flowing into each box is equal to the sum of the money flowing out of it) and there is a decrease in consumer spending, holding everything else constant, which outcome is likely to occur?
Verbalizing
The act of expressing thoughts, feelings, or perceptions in spoken words.
Emotional State
The current condition of one's feelings or emotions, which can influence perception, decision-making, and behavior.
Familiar Language
Language that is well known, easily recognized, or understood due to regular exposure or use by an individual.
Respond
To react to something by taking a particular course of action or expressing oneself in a specific manner.
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