In the Simplified Circular Flow Diagram, Leakage Can Occur When

question 41

True/False

In the simplified circular flow diagram, leakage can occur when consumers save some income.

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Definitions:

Apologize

The act of expressing regret or sorrow for actions that might have caused harm or inconvenience to others.

Apology

An expression of regret or sorrow for having wronged another, often with an attempt to make amends.

Admitting Fault

The act of acknowledging and taking responsibility for one's mistakes, errors, or shortcomings.

Explaining a "No"

The process of providing reasons or justifications for rejecting a request or proposal.