My name is Mr. Medico and I teach Economics at Paul D. Schreiber High School on Long Island and at the JSA Summer School at Princeton University. I made these No Bull Review Economics lessons for students to use with the AP Macroeconomics exam, AP Microeconomics exam, and introductory college courses. Visit nobulleconomics.com for my free eBooks, podcasts, study guides, and frequently asked exam questions.
How they find the actively searching for a job people? Do they use online websites? what about the ones that goes directly to agencies or the ones that go directly to the employers?
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deymmm.... i was almost crying bc i decide to throw all this away from my brain 4 years ago but now i need them back :') thank goodness i found this video help me so much :0
I'm not sure that people who receive fixed payments on CDs are losers necessarily, compare that to a flex interest rate of savings accounts that automatically dropped the return rate to 0% yes customer lost that couldn't invest their money when they could under a reasonable interest rate. I would say Banks also lost during the Pandemic because they have to continue to pay interest to people on CDs and GICs account regardless of the length of lockdowns. Winners and losers is a relative term to the particular situation that you might be in.
Great video for AP Econ students. My only issue is your use of "fair return price" here. It wouldn't make sense to regulate the monopoly where P = ATC on that graph because it would lead to deadweight loss via overallocation of resources. Regulators might resort to a using fair return price when the point of allocative efficiency occurs at a price where the firm is making an economic loss (common for natural monopolies). Instead of needing to offer a subsidy to the firm at allocative efficiency to keep them in business, they'll resort to the fair return price where there firm makes no economic profit but has no incentive to shutdown. The fair return price will decrease DWL, but not completely eliminate the inefficiency.