(Macro) Episode 25: Macroeconomic Viewpoints

Does the economy self-adjust? If so, what is the role for the government if the economy is not where we'd like it to be? This video takes a brief look at two different schools of economic thought.

Category:

Education

Tags:

• economics
• keynes
• keynesian
• classical

[sugarushh]

i have a question. if wages are flexible, isnt AS curve vertical?

[mjmfoodie]

@sugarushh If wages (and everything else) adjust instantaneously, then AS is vertical (that's the true Classical model)

[mclose100]

Why are you using q and p and not PL and Y??? Macroeconomics does not use P and Q ever.

[mjmfoodie]

Depends on your book. As long as it's made clear that the "P" in macroeconomic model is the price level, and "Q" is the quantity of all goods and services, does the nomenclature matter?

[ny1fanta]

you have an amazing voice =]

[januitmonnickendam]

Best, explanation, EVER!

[rneal1891]

Your videos are fantastic. I wish you were my real economics professor!

[milknhoney1230]

Thankyou so much!!

You are awesomee :)

[mslisa6824]

Omg you have noooo idea how much you are helping me right now!

[MsTina8888]

thanks a lot

[stretchingmonsters]

your so awesome

[hellocinnamon]

amazingg!!

[abigailhmm]

U are awesome lady ! =D