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A government hiring freeze would directly impact what aspect of the circular flow model of a mixed economy?a. businessesb. factor marketc. product marketd. transfer payment

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Answer:

businesses or product market

Step-by-step explanation:

User Registered User
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Answer:

b. factor market

Step-by-step explanation:

The factor market consists of two main factors plus technology. The main factors are capital and labor. Thus, in a mixed economy the production of goods depends on a combination of these two factors and the technological degree. If the government lowers its hiring, it will affect the labor factor and have a negative impact on the economy's circular financial flow.

User BeemerGuy
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