Macro 3.2- The Phillips Curve (Short and Long Run)AP Economics

[SyriaInMyHeart]

You are the BEST! i love you'r videos, they explain really good, and for some reason, i enjoy watching them. other videos people made are lame, but you'rs, is exiting with the way you move.. thanks for these videos man. wish you luck..

[iceman4763]

nice belt buckle...

[Muktho]

ur ment to say, when AS shifts to the left, with higher pices higher inflation and lower "employment" instead of unemployment right? at 3:00??

tnx mark

[shahbano13]

Thanks to Mr.Clifford

I got distinction in my exam

[shakur7861]

got my exam economics exam in less than 12 hours (UK), and now watching this video made 45mins of revision into 10! you appreciate these vids when you think of time consuming lol! thanks man your sick!

[charlesfrhutchinson]

i love you... i wish i found this a little more than 1hr14m before my exam though!

[sophiessinging]

Your videos are amazing for revision - quick and efficient! there is no need to go on and on and on about trivial things. perfect! love it.

[fygilia]

i love this charismatic teaching

[0323506]

good stoff, but can you talk slower. need time to digest the info !!!

[kimkim0513]

Q2 is higher than the Q produced in the long-run. how do you explain this?

does that mean unemployment is below its natural rate?

[armanz207]

brilliant

[MrKing223]

i wish you were my professor!!!!

[tanreu]

@MrKing223 he's probably too expensive to hire cos he'd finish whatever he had to cover in under 5minutes and walk out of class when latecomers are still on the way in. then the school would think they are paying him too much even though he covers the same concept but reduces it and doesnt beat around the bush. sad fact lol

[kshah46]

cool now i get this

[kshah46]

fuckin geezer!!!!!!!!!hes awesome

[learnanddeliver]

thank you, makes a lot of sense, much better than reading tons of text book material ...

[MCSubliminalSol]

holy shit , i get this

[railroader1993]

Wow, a teacher who actually teaches AP Macro.

Mine is seriously either constantly high or retarded.

[Dixin76]

i was wonderin the same thing.....but this helped tons! thx dude

[nangsaigon]

At intersection C: should he had said "higher inflation and HIGHER unemployment rate"?

[spanaroyalis]

@nangsaigon i think so too

[maxaiellomiles]

@nangsaigon no men I thought the same before. Low unemployment means that firms gather in more workers. this means more wages, more labour costs. as a result, firms have no choice but to charge high price on their products to cover up this increase in labour costs. Price Level increases and inflation occurs. so low unemployment rate means high inflation in the short run.

[TheMrMuzzle]

@nangsaigon yep ur right he shud hav...it wuld have been higher unemployment from b to c...say point A is 15 unemployment rate then at B it would be 10 unemployment rate...but at C it shifts back to 15 unemployment rate so yes unemployment does increase from B to C...

[jacktharippares]

@nangsaigon no accoring to the theory unemployment can only be affected in the short run, thats why an increase in inflation lowers the unemployment level, in the long run the unemployment level goes back to the equilibrium level but inflation stays at the same level (higher).

thats why politicians have to be careful with using this method to lower unemployment as they will end up with high inflation which is difficult to lower because of expectations... at least thats what my teacher said...

[Deceptive93]

@jacktharippares "thats why politicians have to be careful with using this method to lower unemployment" use what method? What can I use this curve to demonstrate? i understand it...i just need that little extra info thanks

[jacktharippares]

@Deceptive93 the curve demonstrates that in the short run you can increase the inflation and get a lower unemployment... but in the long run the unemployment stays at the same level.. thats about it

[mehra1985]

thanks a lot..:)

[leife7]

wonderful!

[presario2100us]

Love this guy