Circuksr flow model for goods snd services is where ______.
1) Circular flow model is a model of the economy in which the major exchanges are represented as flows of money, goods, and services between economic agents.
2) Circular flow model is a model of the economy in which the major exchanges are represented as flows of money, goods, and services between households and firms.
3) Circular flow model is a model of the economy in which the major exchanges are represented as flows of money, goods, and services between the government and businesses.
4) Circular flow model is a model of the economy in which the major exchanges are represented as flows of money, goods, and services between banks and consumers.