Write a paper develop the concepts of the “circular flow” of goods and services. Begin by reviewing this video: Circular Flow (link: https://www.stlouisfed.org/education/economic-lowdown-video-series/episode-6-circular-flow) from the St. Lois Federal Reserve.
A transcript is available for the hearing impaired. Then, select one good you are familiar with. Describe how the good moves in relation to:
Households
Suppliers of goods and services
Money
Papers will be assessed using the following criteria:
Accurately describes the circular flow of goods relating to households.
Accurately describes the circular flow of goods relating to firms.
Accurately describes the circular flow of goods relating to money.
Organization and style of the essay.
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