The document summarizes key concepts in macroeconomics including aggregate demand, aggregate supply, and macroeconomic equilibrium. It discusses:
1) The components of aggregate demand - consumption, investment, government spending, and net exports - and how each can influence overall demand.
2) How the aggregate demand curve depicts the relationship between price level and real output. A shift in the AD curve represents a change in a component of demand.
3) The short-run and long-run aggregate supply curves and debates around their shapes. Supply can also shift due to changes in inputs like technology.
4) Macroeconomic equilibrium is reached at the intersection of the AD and AS curves, where total spending equals total output
Curves are of different types and for different purposes. Some of the curves are utility curve, margin curves, demand and supply curve, offer curves, etc. International trade is based on international specialization. Copy the link given below and paste it in new browser window to get more information on Offer Curves:-
http://www.transtutors.com/homework-help/international-economics/analytical-tools/offer-curves.aspx
Curves are of different types and for different purposes. Some of the curves are utility curve, margin curves, demand and supply curve, offer curves, etc. International trade is based on international specialization. Copy the link given below and paste it in new browser window to get more information on Offer Curves:-
http://www.transtutors.com/homework-help/international-economics/analytical-tools/offer-curves.aspx
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
Introduction to Indian Financial System ()Avanish Goel
The financial system of a country is an important tool for economic development of the country, as it helps in creation of wealth by linking savings with investments.
It facilitates the flow of funds form the households (savers) to business firms (investors) to aid in wealth creation and development of both the parties
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
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how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Even tho Pi network is not listed on any exchange yet.
Buying/Selling or investing in pi network coins is highly possible through the help of vendors. You can buy from vendors[ buy directly from the pi network miners and resell it]. I will leave the telegram contact of my personal vendor.
@Pi_vendor_247
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
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The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
2. Mere aggregation of the microeconomic model.
Useful for evaluating factors and conditions which
affect the level of Real Gross Domestic Product
(GDP adjusted for inflation) and the level of
inflation.
3. AD curve has traditional negative slope.
AD is the total demand (total spending) for a
country’s goods and services at a given price level
in a given time period.
AD = C + I + G + ( X – M)
4. The AD curve shows the relationship between the
average price level and real output.
Price level
0
p
y
Real GDP/National Income/
National output/Real output
AD
5. Consumption (C) :
Total spending by consumers on domestic goods and
services.
For example durable goods such as cars, mobile
phones,(long period) and non durable goods such as
rice, newspaper, toilet paper. (short period)
6. What causes changes in consumption:
Changes in income
Changes in interest rates
Changes in wealth
Changes in expectations and consumer confidence
7. Investment (I):
Represents addition of capital stock (factories,
machines, computers) to the economy.
Represents investments carried out by firms, for
example: replacement investment and induced
investment
8. What causes changes in investment?
Interest rates
Changes in the level of national income
Technological changes
Expectations and business confidence
For example, the diagram for investment shows:
9. Government spending:
Government spending represents the variety of goods
and services spent on health, education, transport, law
and order, social security, housing and defence.
10. What causes changes to government spending?
Commitment to financial support to industry
Spending to correct market failure
New education or health policy – new schools or
hospitals
11. Net Export: (X-M)
X = export:
Export are domestic goods and services bought by
foreigners.
M = import:
Imports are goods and services bought from
foreign producers.
Imports is also an outflow of import
expenditure.
When export revenue exceeds import expenditure, this
is positive. Increase AD.
When import expenditure exceeds export revenue, this
is negative. Reduce AD.
12. When price in the economy falls from p to p1,
C+I+G+(X-M) increases from Y to Y1.
AD = C+I+G+(X-M)
P
0
P
P1
Y Y1 Real output
13. Changes in AD:
Changes in price causes a movement along the AD
curve, from one level of real output to another
Changes in the components of AD will cause a shift in
the demand curve.
14.
15. A change in AD is caused by a change in an
influence on AD other than a change in price level;
An increase in AD is a rise in planned spending
and is represented by a shift to the right of the AD
curve;
A decrease in AD is shown by a shift to the left of
the AD curve
16. ◦ An increase in government spending, which may
occur in a deliberate attempt to increase AD;
◦ An increase in consumption arising from an increase in
wealth, an increase in the money supply, a cut in
taxation, a rise in population, increased optimism (‘feel-
good factor’) etc.
17. ◦ An increase in investment due to change in
technology, a rise in expectation, a fall in the rate of
interest;
◦ An increase in export because of a rise in quality, a fall
in the country’s exchange rate, a rise in income abroad.
18. I
7%
4%
0
I1 I2 Investment
Interest rate
The relationship between investment and interest rate shows when interest rate
Decreases, there is no incentive to save, and lead to increase in borrowing, which
increases investment from I1 to I2. Increase in interest rate will have the opposite
Effect.
19. What causes changes in net export?
Export:
If foreign income rises, this leads to more imported
goods and services being consumed.
Import:
When national income grows, this leads to an increase
in consumption. As more goods and services are being
consumed, some of these will be imported goods.
21. Aggregate supply is the total quantity of goods
and services firms are willing and able to sell at a
given price level in a given period of time.
The Short Run Aggregate Supply (SRAS) Curve
22. The Short Run Aggregate Supply (SRAS) curve is
drawn on the assumption that the prices of all
factors of production are fixed;
The curve slopes up from left to right, this is
because higher output is likely to raise the cost
per unit produced and therefore to supply more,
firms have to charge a higher price;
23. A rise in the price level is likely to encourage firms
to raise output in the short run;
Influences other than a change in the price level
cause firms to change how much they wish to
supply the different values of the price level and
shift the SRAS.
24. ◦A change in weather condition
◦A change in raw material costs
◦A change in wage rates
◦A change in corporation tax
25. The Long Run Aggregate Supply (LRAS)
Curve
In the long run, wage rates and the prices of
other inputs can change.
There are two main views on the shape of LRAS
Curve.
26. The idea of the long run AS curve is that in the
long run, the real productive capacity of an
economy does not vary (i.e., is perfectly inelastic)
with respect to changes of the price level, a
nominal quantity, but it may vary with changes of
real phenomena, i.e., real matters such as
resource availability, productivity, and
technological changes.
The long run changes of these real phenomena
may be depicted in the short-run analysis as shifts
or drifts of LRAS to the right with on-going growth,
or as leftward shifts consequent upon supply-
shocks that may have lasting adverse effects on
the economy's output capacity.
27. The long run AS curve
AS
Real output
Price
AD
SRAS
e
28. When nominal wages are flexible, as usually
assumed in the long run, the AS curve is
perfectly vertical.
Another reason is that the total amount of
goods that the economy produces when all
factors are efficiently used at their normal
rate of utilization does not vary with the price
level. In the long run, price does not affect the
AS, rather AS depends in the availability of
the factors of production.
29. The New Classical view is that the LRAS curve is
vertical.
Reason: The classical view believes that if there
is unemployment, wages will fall to restore full
employment, therefore in the long run the
economy will operate at full employment hence
the vertical supply curve.
30. The Keynesian view is that the shape of the long
run aggregate supply (LRAS) curve can be
perfectly elastic at low levels of economic activity,
less elastic at higher levels and perfectly inelastic
when full employment is reached.
31. Reasons:
Keynesians believe that at low output, and hence
low levels of employment, the LRAS curve will be
horizontal due to considerable spare capacity in
the economy and output can be increased without
raising cost per unit produced;
32. Keynesians also believe that as pressure begins
to be placed on capacity and shortages in skilled
labour occur, unit costs begin to rise and the
LRAS curve slopes upwards;
Once the full employment level is reached, it is not
possible to raise output and the LRAS curve
becomes vertical.
33. Note: The New Classical economists and the
Keynesian economists both agree that, if full
employment is reached, the LRAS curve will be
vertical.
A change in LRAS is a change in the production
potential of the economy;
An increase in the LRAS is shown by a shift to the
right of the LRAS and a decrease by a shift to the
left;
34. The quantity of factors of production increases due
to
1. an increase in investment,
2. discovery of new materials,
3. an increase in the size of the labour force;
The quality of factors of production increases due
to:
1 improvement in education and training,
2. technological progress, this will raise productivity
(output per worker hour).
35. Macroeconomic equilibrium occurs where
Aggregate Demand meets Aggregate Supply.
Only at the combination of GDP and price level
given by the intersection the AD and AS curves
are spending behavior (demand) and
production (supply) activity consistent.
A shift in either the AD or the AS curve leads to
changes in the equilibrium values of the price
level and real GDP.
37. If the price level deviates from this equilibrium (P0),
pressures on business and consumers will move the
economy back toward point e.
Two conditions should be satisfied to attain
macroeconomic equilibrium: (1) at the prevailing price
level, desired expenditure must be equal to national
output. The idea is agents are willing to buy all that is
produced. The AD curve is constructed in such a way
that this condition holds everywhere on it. (2) at the
prevailing price level, firms must wish to produce the
prevailing level of national output, no more and no less.
This is introduced by the consideration of AS.
38. Although the economy is self-correcting in the long-run,
this process can take up to a decade or more.
Particularly, if output is below potential output, the
economy can suffer an extended period of depressed
aggregate output an high unemployment during this
period of self-correction.
John Maynard Keynes: “In the long run we are all dead.”
He recommended that governments not wait for the
economy to correct itself, but use fiscal policy to get the
economy back to potential output more quickly.
39. This is the rationale for active stabilization policy,
which is the use of government policy to reduce the
severity of recessions and control excessively strong
expansions.
However, the ability to improve the economy’s
performance is not always guaranteed; it depends on the
kinds of shocks the economy faces.
40. This is the rationale for active stabilization policy,
which is the use of government policy to reduce the
severity of recessions and control excessively strong
expansions.
However, the ability to improve the economy’s
performance is not always guaranteed; it depends on the
kinds of shocks the economy faces.
41. If policy makers react quickly to a negative demand shock,
they can use monetary or fiscal policy to shift the aggregate
demand curve back to the right.
If it was possible to anticipate shifts of the AD curve and
counteract them, it could short-circuit the whole process of
going through a period of low aggregate output and falling
prices.
This is desirable because:
1. The temporary fall in aggregate output is associated with high
unemployment.
2. Price stability is regarded as a desirable goal (avoiding deflation-
a fall in the aggregate price level.
42. However, some policy measures to increase aggregate
demand may have long-term costs in terms of lower long-
run growth.
It also could be that the policy-makers are not perfectly
informed, and the effects of their policies are not perfectly
predictable. This could cause the attempts to create more
stability to end up creating more instability.
Despite this, many economists believe in the use of
macroeconomic policy to offset major negative shocks to
the AD curve.
43. The effect of a negative supply shock is to lower
aggregate output but increase to a higher aggregate price
level.
Two bad things happen simultaneously: a fall in
aggregate output leads to a rise in unemployment, and a
rise in the aggregate price level decreases the purchasing
power of incomes.
In contrast to the case of a demand shock, there are no
easy remedies for a supply shock. This means that there
are no government policies that can easily counteract the
changes in production costs that shift the SRAS curve.
44. Using monetary or fiscal policy to shift the AD curve would
do one of two things:
a) A policy to increase AD to limit the rise in unemployment
would reduce the decline in output but cause even more
inflation.
b) A policy to decrease AD, it curbs inflation but causes a
further rise in unemployment.
This is then a trade-off with no right answer; it requires
facing harder choices than usual.
In the end, economic policy eventually chooses to
stabilize prices at the cost of higher unemployment.