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Lecture Macroeconomics (20/e): Chapter 2 - McConnell, Brue, Flynn
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Chapter 2 - The market system and the circular flow. This chapter begins with a brief comparison of command and laissez-faire systems, then transitions to a discussion of the characteristics of a market system. The five fundamental questions faced by every economy are presented along with how a market economy answers each one. | Lecture Macroeconomics 20 e Chapter 2 - McConnell Brue Flynn