Macro Unit 2 Summary- Measuring Aggregate Demand and Supply Practice 1 week ago   23:37

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

Yessica Smith
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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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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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druzy woozy
that bit with the kids killed me actually a guy from the tech university in israel told me that's the best way to learn to have a break when you can't concentrate (it's the 15th best university in the world for computer engneering)
Ashley Frazee
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السلام عليكم
Speaking too fast like those late night tv commercials selling you stuff u will never use.
Content is good but delivery ....
Jan Letsoalo
HI MR Clifford I really benefit from your videos. I dont know how to thank you, it takes short time to learn your work. I wanna thank you. ( RSA)
lincy koshy
Can you add a video on new keynesianism?
Tony Hoàng Long
Wow, your video is absolutely great. But just 1 thing to point out, which nobody has yet noticed, is that a problem occurs with your mathematical calculations in 19:00. You said: "[...] Right? From 125 up to 150, that's an increase of 20%". Ok, shouldn't it be 25%? Anyways, I bet it was just a mistake, so don't worry! Thank you for the lesson.
Suood Alshehhi
What is the different between deflator and deflation? Are they the same??
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Aggregate Demand and Supply Practice Macro Unit 2 Summary- Measuring 1 week ago   14:36

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.