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SingaporeEconomicsQuick questions
The Macroeconomy and Its Aims
Quick questions on Aggregate demand and the circular flow of income explained: O-Level Economics
2short Q&A pairs drawn directly from our worked dot-point answer. For full context and worked exam questions, read the parent dot-point page.
What is the circular flow of income?Show answer
The economy can be pictured as a flow of money between two groups, households and firms:
What is the main aims of government?Show answer
Governments watch the size and health of this flow and pursue four main aims:
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