In a circular flow diagram, firms' payments _____the government a.only flow into b.only flow out of c.flow into and out of d.do not affect

rach phase of the business cycle has certain characteristics. During peak or prosperity, businesses expand end employment is high. Creditors lend money freely; wages, consumer spending, and prices rise. Contraction begins when production begins to slow some because most people who want a good have aiready purchased the good. As the business cycle moves downward a recession might occur. During a recession, businesses readjust to reduced demand, unemployment rises, consumer spending and prices fall, and creditors restrict loans. If the recession continues or worsens, it becomes a depression. The lowest point of a depression is called a trough. Eventually, technology, government programs, international developments, or low depression prices cause an increase in demand. As business adjusts and begins to expand again, the cycle moves upward through a recovery or expansion phase-back to peak or prosperity. Identify the phase of the business cycle described in each statement below. Band "1.…

part C D i need in words not handwritten solution please

Money is defined as *a. anything that is generally accepted in payment for goods and services or in the repayment of debt.b. a risk-free repository of spending power.c. the unrecognized liability of governments.