What Two Groups of Decision Makers Are Represented in the Basic

question 21

Multiple Choice

What two groups of decision makers are represented in the basic circular flow model?

• A) Bankers and regulators
• B) Governments and financial institutions
• C) Wholesalers and retailers
• D) Lenders and borrowers
• E) Households and firms

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Definitions:

Public's Attitude

The collective opinions, beliefs, and feelings of the general population towards particular issues, events, or subjects at any given time.

Office of War Information

A U.S. government agency created during World War II to consolidate existing government information services and promote propaganda domestically and overseas.

Domestic Propaganda

Information, especially of a biased or misleading nature, used to promote or publicize a particular political cause or point of view within a country.

Personal Income

The total earnings received by an individual, including wages, salaries, and other sources, before taxes and other deductions.