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In the Simplest Circular-Flow Model,households Supply _____ and Demand _____

question 4

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In the simplest circular-flow model,households supply _____ and demand _____.


Definitions:

Journal Entry

A documentation of a financial transaction in which the total debits equal the total credits and is entered into the accounting records.

Times Interest Earned Ratio

A financial ratio that compares a company's operating income to its interest expenses, indicating how well it can cover interest payments with earnings before interest and taxes.

Interpret

To explain or understand the meaning of something, often involving analysis or putting data into context.

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