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A Circular-Flow Diagram Is a Visual Model of the Economy

question 167

True/False

A circular-flow diagram is a visual model of the economy.


Definitions:

Methods

Blocks of code that perform specific tasks and can be called upon by name to execute those tasks within a program.

Init Method

Refers to an initialization method, typically used to set up or prepare initial states for objects or variables in programming.

Constructors

Special methods in a class that are called when an object of the class is created, used to initialize objects.

Initialize

The process of assigning an initial value to a variable or object at the time of its creation.

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