ECO 450 week 1 DQ 1

"The Basics" Please respond to the following:

 •Analyze the relationship between the production possibilities curve and the circular flow diagram. Discuss how the change of production possibilities curve affects the circular flow diagram. Provide an example to support your response.
•Compare and contrast federal government expenditures, state and local government expenditures, and financing government expenditures. Suggest a total of three actions that should be taken to reduce the level of federal government spending.
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