Using the outline below, draw a circular-flow diagram representing the interactions between households and firms in a simple economy. Explain briefly the various parts of the diagram. 
Definitions:
Legal Action
A process of pursuing a lawsuit or judicial proceedings to resolve disputes or enforce legal rights.
Multiple Listing Service
A comprehensive database of available real estate listings provided by real estate brokers participating in a cooperative agreement.
Mortgage Rate
The interest rate applied to a mortgage loan, determining the cost of borrowing for the acquisition of a property.
Special Mortgage Rate
A mortgage interest rate that is offered by lenders under certain conditions that is typically lower than the standard rate available to most borrowers.
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