History, 12.03.2021 18:20 moneyshi68

What event explained in the chapter restored the circular flow to Carl’s life in early 1931? (Will give to a right answer) <3

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The history of economic thought deals with different thinkers and theories in the subject that ... It is one of the earliest manuscripts on the concept of money. ... He defined property broadly to include people's lives and liberties, as well as their wealth ... theory, with the notion of a circular flow of income throughout the economy.

Explanation:

Answer from: zay179

Carl Warmington had obtained a job after searching in midst of the Great Depression.

Explanation:

Carl had lost his money after the stock market crashed. His money has "crashed" with the market. The flow my own teacher had said went a bit like this:

{Work goes into businesses. Wages go into households.}

{Good & services go into a product market. Money goes into households.}

The circular flow was damaged because the stock market crashed, leaving Warmington broke. Since he had no job, no more money came to him. That was a huge deal.

He searched for a job and finally ended up with an office job.

{Hope this helped. I hope this helped you understand a bit more. Remember the point is to understand it and not just get a correct answer! <3 I know this a while ago-}

Answer from: Quest

states

explanation:

as the old saying goes, all politics are local. state and federal governments affect our daily lives in numerous ways. yet, in our federal system, there is supposed to be a balance between federal and state power. as james madison envisioned it in federalist no. 51, “the power surrendered by the people” would be “divided between two distinct governments,” creating a balance of power that would enable the “different governments [to] control each other.”

Answer from: Quest

answer: the risk-return relationship. generally, the higher the potential return of an investment, the higher the risk. there is no guarantee that you will actually get a higher return by accepting more risk. diversification enables you to reduce the risk of your portfolio without sacrificing potential returns.

explanation:

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What event explained in the chapter restored the circular flow to Carl’s life in early 1931? (Will...

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