The above figure presents the view of the economy according to microanalysis cla

Question

The above figure presents the view of the economy according to microanalysis classical economics, Ricardian economics, Keynesian economics. According to the above table, at a piece of $2 per unit, which of the following would exist? A shortage of 800 units A shortage of 200 units A surplus of 800 units A shortage of 400 units The circular flow of income shows goods services, and money payments flowing in the same direction. goods flowing in one direction and services and money payments flowing in the other direction. goods and money payments flowing in one direction and services flowing in the opposite direction. goods and services flowing in one direction and money payments in the other direction.

Explanation / Answer

1) keynesian economics

2) a shortage of 400 units

3)goods and services flow in one direction and money payments flow in other direction.

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