How does purchasing of groceries affect government, households, and businesses.
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Consider the following examples of economic activities:
Purchasing of groceries
Massive layoff of employees
Decrease in taxes
Describe how each of these activities affects government, households, and businesses. Describe the flow of resources from one entity to another for each activity. Relate at least one current event to the activities.
Suppose the government imposes tax cuts for 95% of all households. How would this affect businesses in the U.S.?