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Here’s a snapshot of Macroeconomics and Circulation of money by that very team:
1. Explaining Macroeconomics –
It is a specialized branch of economics that deals to study individual behavior that has an effect on overall economic growth of a country. It concerns with all growth in output, unemployment, deflation and inflation rates. It does examine the functions of total income nationally, average of investments and consumptions of services and goods, and overall price levels.
2. Circulation of money –
In all two sectors of economy, money acts as the whole and sole medium of every exchange for goods and services. It is referred to as payments that are done on basis of money between firms and households for barter exchange of their goods and services. Household sector gets rewards in form of money from wages, profits, and rents from firms for its services.
Money indeed acts as the connecting agent for all such exchanges. Circulation of money acts as the lifeline between firms and households, as without this, the operations of both the sectors will be gravely hampered. Thus, it is needed to be taken intense care of. Money is a pillar of all pricing systems.
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