The Phillips Curve- Macro Topic 5.2

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Hey students. In this video I show you how to draw and shift the Phillips curve. Remember that there are two curves: the short-run Phillips curve and the long-run Phillips curve.
The best way to understand them is to remember what you learned in Unit 3 about aggregate demand and supply. A shift in aggregate demand shifts along the short-run Phillips curve. A shift in aggregate supply shifts the entire short-run Phillips curve. Thanks for watching.
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The answers to the pop quiz are in the first comment below

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2 окт 2024

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Комментарии : 76

@JacobAClifford Год назад

The answers to the practice questions are below. Just click on "Read more". Be sure to leave a comment and let me know how you did. 1. C 2. B...sure to subscribe :) 3. E 4. A

@mrherobrine_15 Год назад

reply to me for a muffin

@sambhavbhirani6862 Год назад

Could you explain the 2nd part?

@theboldguy. Год назад

Do you know that there is another curve except "Phillip's Curve" ? There is the "Samsung's Curve"

@ChristobalStacks Год назад

@@sambhavbhirani6862 the Phillip's curve is very similar to the money market graph. In this case, when the short-run Phillips Curve shifts right, this means that the SRAS shifts left on the money market graph. The only answer choice that would negatively impact supply would be a decrease in electricity, making it harder to produce goods.

@goodyashe-nl1se Год назад

@jakobgerber6831 Год назад

I would like to thank You mr.Clifford i just finished my macro and mico economics classes and finished with the highest grade you can get. Youve have helped me a lot with your fun,fast and educational content. Ive couldnt done it withoutyou, thank you and keep doing you content. Have a great week. Lots of thanks from Sweden!

@danielgibbs7277 Год назад

@thepuglover5450 4 месяца назад

Weird flex

@abip.364 10 месяцев назад

Who is here before their macro econ final, praying for God to make a miracle?

@abhinnverma2142 4 месяца назад

Studying at 2 am for a 9 am exam ಥ⁠‿⁠ಥ

@李婉玲 3 месяца назад

for my final tomorrow 😢

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@christophermahar3025 Год назад

Hi Jacob. Could you please do a video explaining the impacts of 0% reserve requirement for the USD? I live in Australia and am studying a bachelor in PPE. My economics teacher here could not explain to me the implications and wasn't actually aware what the reserve ratio requirement was presently at for either country.... Thanks, Love your content btw! Chris.

@har8397 Год назад

Students: pay attention to real world today vs these text books videos to see how pointless economics really is... this isn't a science, these theories are best guesses... and often wrong

@hugosorianovillarroya4054 11 месяцев назад

Thank you, I’m currently studying for my IB economics november mocks and you’ve just saved me as always

@andreadartigues9480 Год назад

2:19 Unemployment when up! not down, it's the employment that went down

@testaccount4028 7 месяцев назад

Hi, I am Matthew Hem, and really love economics and want to thank my teacher for showing us this. My question is: is there a Keynesian Phillips curve. Again, this is Matthew Hem, LETS GO ECONOMICSSSSS.

@vocablelime8839 5 месяцев назад

Thank you Matthew hem

@annaktrman 11 месяцев назад

Jacob, you are AMAZING! Thanks to you I understand micro and macro and am able to pass my exams. Without your educational videos, it would be impossible. Thank you for providing us with free-quality videos on economics

@helen_chenliangjiu Год назад

Hi Mr. Clifford! The CED was updated in the summer of 2022 to incorporate new monetary policy content and the new calculator policyWhich means that there are new things and changes in the syllabus. Could you make videos to talk about these changes and new things in the syllabus? Thanks a lot. This will help me su much since I'm taking the AP macroeconomic exam next year.