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Accessibility Info


The Circulation of Currency in the Macro-economy (Closed System)

Submitted By:

David Chester

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This statement is true Text includes markup that declares the language of the content in a manner that is compatible with assistive technology.
Information not Available If the digital resource includes passages in a foreign language, these passages include markup that declares the language in a manner that is compatible with assistive technology.
Additional Info

In macroeconomics the use of language is important. Before making ascertive statements the subjects should be properly defined. In the diagram presented as this item there are 6 "entites" which represent the kinds of idealzed functional bodies or role-players who act in 19 different roles. Careful study of the diagram will allow the student to determine how these quantities are defined, each of them having an indepent macro-economic activity or function.


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Science, Technology, Engineering, and Math (STEM)

Additional Info

This approach is used with algebraic symbols to represent the various entities and their various functions or flows.

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