Candice is using the circular flow diagram to identify a particular aspect of her economic theory for her Macroeconomics class. The actions she took was to use the circular flow diagram, apply math functions to predict economic actions, and identified the economic aspects and associations used in the model. What action has Candice forgotten to take with her model?A Candice forgot to use more mathematical functions.B Candice forgot to identify the relationships in action in her model.C Candice forgot to explain the assumptions she used to simplify the model.Charlie searched for a model and discovered one on which to base his theory. For his model he used the circular flow diagram, applied math functions to predict economic actions, and identified the economic aspects and associations used in the model. All of his actions are in line, but what has Charlie forgotten to do with his model?A Charlie forgot to use extra mathematical functions.B Charlie forgot to identify the relationships in action in his model.C Charlie forgot to explain assumptions he used to simplify the model.
Circular flow diagram
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