AnswersEA Academy Civics 9Interactions in the US Economy

Interactions in the US Economy Answers

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1
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Which statements best describe parts of the circular flow of income? Choose three correct answers.Households sell goods and servicesHouseholds buy goods and services.Households provide labor.Businesses sell goods and services.Businesses provide labor.

A
Households sell goods and services
B
Households buy goods and services.
C
Households provide labor.
D
Businesses sell goods and services.
E
Businesses provide labor.
2
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Study the graph, then answer the question.What does this graph tell us about inflation?

A
Prices in an economy are complicated.
B
Prices in an economy do not change.
C
Prices increase less every year.
D
Price increases are different every year.
3

Study the graph, then answer the question.Which year had the lowest inflation rate?

A
2005
B
2010
C
2015
D
2020

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