Circular Flow Cheat Sheet
Circular Flow is tested in the Macro Exam.
I have yet to find a Micro Exam question about circular flow.
Since it is listed in the AP Micro curriculum you should still understand.
2000 AP Macro
Answer - (D) Households are demanders in the product market and suppliers in the factors market.
Households Demand Goods & Services and supply Land, Labor, & Capital, FOP.
1995 AP Macro
Answer - (D) II & III
Households sell factor services to Firms. (Land, Labor, Capital)
Households buy outputs from Firms. (Goods & Services)
2005 AP Macro
Answer - (E) Savings (Paradox of Thrift)
Paradox of Thrift in 60 Seconds
