How Does Our Economy Work?

Watch this video before completing assignment https://youtu.be/mN5HPJYJzus Based on this module week’s summit session, what would you say is the role of firms in our macroeconomy? Do consumers indirectly and/or directly affect our macroeconomy? Consider how microeconomics and macroeconomics affect the flow of money within the Circular Flow Model. Do you think firms could operate without households? Consider how these disciplines relate to the Circular Flow Model. Locate a recent article or event (published within the last year) that highlights your relevant microeconomic/macroeconomic topics. Use the Hunt Library, newspapers, new stations, or other credible sources to discover how your topic aligns with microeconomics. State the article or event you selected. Identify the microeconomic/macroeconomic concept(s). Describe your findings. Analyze the relevance to real-life applications.

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