Macro Unit 2 Summary- Measuring Aggregate Demand and Supply Practice 2 months ago   23:37

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Jacob Clifford
Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary. This unit is about measuring the economy and covers topics like GDP (1:04), the business cycle (6:15), unemployment (7:28), the types of unemployment, the natural rate of unemployment, inflation (12:14), CPI, GDP deflato (17:59), and the causes of inflation (19:52). It also includes a pretty awesome Bonus Round (11:23). Be sure to subscribe and get the ultimate review packet. Thanks for watching.

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Comments 288 Comments

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Michael Provost
He looks haggard
Syamilah
Cpi 15:41
Ethan Pongracz
"if you're not using this video to cram for a test" me: yes, yes i am
Shubhashree Khilar
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Ms. Chocolatey
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Fusion
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Andrea Tanio
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Walsh World
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Trying to learn
Can you please explain "hurt by inflation", Lenders who lend money at a fixed interest rate).
If I buy a house for $1 mio at 1.5 % interest. And there comes inflation. Then my salary will be adjust to that interest (In Denmark the unions negotiates this for the workforce). Then based on my higher income, I see it as the the "actual" value of my debt of $1 mio has actually been reduced based on my (now) higher income.
Is this a misunderstanding of inflation?
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Alec
"I recommend watching these videos if you're not cramming for a test" Lol gooood one Mr C, you know why im here
mustafe adan
Thanks sir
Erin Siqueira
saved me
Samvit Agarwal
Hey, I was a bit confused about the calculation for GDP deflator. Since the Real GDP(which is needed to calculate GDP deflator) takes into account inflation in the first place, wouldn't you need to know the inflation anyways? If so, how does calculating the GDP deflator help?
Ikram Mughal
How can I get this review packet?
Mel C.
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Aggregate Demand and Supply Practice Macro Unit 2 Summary- Measuring 2 months ago   14:36

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Happy Halloween! Thank you for watching this video and subscribing. Seriously, you rock! Be sure to pause the video and try the practice questions on your own.

In this video I explain what you should watch out for when answering exam questions and give you several practice questions too make sure you know what happens to aggregate demand, aggregate supply, and long run aggregate supply (LRAS) in both the short run and the long run.

Please check out my Ultimate Review Packet. http://www.acdcecon.com