Explain how the circular flow diagram relates to the current economic situation.

I need a 250 word response to each of the following forum post. The first two are from a micro-econ class and the second two are from a Finance class. 1000 words total (4 times 250)

1) Micro Econ. Class

Explain how the circular flow diagram relates to the current economic situation. Using the circular flow diagram, explain a way that your family interacts in the factor market and a way that it interacts in the products market.