hello maybe im super lost (and i didnt finish watching yet) but if inflation and unemployment are inversly related,how come when theyre affected by negative and positive supply shocks they increase or decrease together? i think im missing something🥲
They are inversely related if nothing else changes (nothing besides unemployment and inflation). Just like a demand curve shows there is an inverse relationship between price and quantity demanded, but if there is a rightward shift of demand, equilibrium price and quantity both increase. I hope that helps!
Thanks so much man for ur vids i have a test tomorrow and I have no clue what a phillips curve is ur saving my life
Good luck on that test! You got this! 🤘😎
@@ReviewEcon thanks man your channel is heavily under appreciated, your content is easy to understand and well paced
@@bullmilkers thank you! I really appreciate it!
I have a test tomorrow on this stuff and yeah I agree dis mans a life saver🙏🏾
How did it go?
thanks homie for updating ur vids i am cramming 🥲
You're very welcome! Good luck on your exams!
@@ReviewEcon it's good I love it
hello maybe im super lost (and i didnt finish watching yet) but if inflation and unemployment are inversly related,how come when theyre affected by negative and positive supply shocks they increase or decrease together? i think im missing something🥲
They are inversely related if nothing else changes (nothing besides unemployment and inflation). Just like a demand curve shows there is an inverse relationship between price and quantity demanded, but if there is a rightward shift of demand, equilibrium price and quantity both increase.
I hope that helps!
Yes thank you, this clears things up@@ReviewEcon