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24 July, 16:35

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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  1. 24 July, 19:49
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    b. factor market

    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.
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