Cost-push Inflation and Demand-pull Inflation
ฝัง
- เผยแพร่เมื่อ 19 เม.ย. 2015
- In this video I explain hyperinflation and the difference between cost-push and demand-pull inflation.
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THANK YOU. You explain things so much better than my textbook, professor, and all the 30 minute videos that put me to sleep.
+Grace Dalrymple I'm glad I was able to help Grace. Please subscribe and tell your friends :)
I have to do Economics as a core class for my Master's and it's thrown me on a loop. Your videos have helped a lot. They're concise and have either clarified stuff, or set up the framework to understand what Prof goes on about for three hours in a Monday evening class...
@@JacobAClifford YOU SO TOTALLY ROCK
I have been watching these vids since freshman year of highschool. I am 22 now an investment banker and I STILL use these videos. Great job clifford
God bless u
Thank you Mark Cuban
omg i thought i was the only one that was thinking that loll hahaha
HAHAHAHAHAHAHHA
dayum i didn't think of that
actually
lol im from Zimbabwe,u jus made me laugh,,you are a great teacher
Me too lol
Me too 😂 lol
4years later wooooowwwwww
@@El_Vencedor 😂😂😂😂😂😂
Especially when he said hyperhyper😂😂
Kikiki same here
Hi Mr. Clifford. You don't just teach Econ in an easy and efficient way, but you're also funny. Thanks for making my day
This is unreal! Iv been searching for a good tutor in economics for a while now.
I’ve never studied economics before but I legit learn so much from your vids. Thank you keep going!
This guy would be great to have as a lecturer!
This video really helped me understand the graph. My book calls it supply-side and demand-side inflation but it's the exact same graph. Thanks!!
We use your videos in my college at A level to explain certain topics to our class. Just like to say thank you for all the help and keep up the good work.P.S: In our class you are known as Mr. Shift it
amazing, takes one short video to make me understand what I've been trying to figure out for the last 5 weeks
+Jem Wilson Let me know when you find one...oh, wait. You mean me
@@JacobAClifford lol
I swear you're an amazing teacher saved my life
hell yes ! thank you I spent an hour re-reading the text book and still couldn't comprehend .
9 year old video, and still the most efficient way this has been explained to me
Your videos are a great! Keep up the good work!
You're the best man! the energy and passion you bring helps so much! "im so hyper" awesome
so..we ignore the ACDC belt?
This is great! Totally cleared my concepts especially when you explained the graphs. Thanks!
I'm a uni student in zimbabwe studying actuarial science I'm a huge fan, and I hadn't realized Zimbabwe is so famous in the context of the concept of inflation lol
Thank you so much for making sense of so many topics for me! am an Irish mature student who has struggled with many of these concepts but your videos make them so clear! Thanks a million! :)
Your videos, they really do help a lot. And ur explanations are perfect, very easy to understand. THANK YOU VERY MUCH!
your the reason I topped my semester. Thankyou so much
this guy's the reason I passed my exam last year 🙏🙌
I love showing these videos in my lessons..... great fun :).... thank you for making them.
i had to watch u say its from zim at least 5 times ... lol buddy u rock i never could have imagined u guys realise we exist that much for examples on world econ platforms
lots of love buddy ... keep doing the great works and shine more with great examples
You're the best teacher. EVER!!
Your videos are so helpful for me as i m having my olevels 2019 this year
Thank you, got all my concepts in macroeconomics cleared.
00:40 watched it like 10 times.... never gets old :D
ikr hahaha
haha
Thank Christ for this beautiful man. My final is in 2 hours.
Seriously, keep making these. Thank for the help.
Zimbabwe going through hyperinflation again now!!
Yesss😂🙌
Awesome explanations!
a whole lecture on zim kkkk this was just fun ... we seem to be having the same scenario just like prior in 2009 just now in 2019 .
u can also use that too as perfect examples, a runaway inflation, unstable politic and high unemployed companied by a high inflation rates with no interest rates because there is actually no money to lend ... i think thats a new zim economic phenomena
FROM ZIM
Jacob is a freaking wizard!
Aren’t most economist wizards? In 2021 we have cost push inflation
These videos are the only reason I semi pass AP Macro...
If you get anything from this video, it should be that being a Zimbabwean is skill more than anything else! good ol' Bob made sure we were flexible alright!
Would love a video explaining inflation inertia!
Love the AC/DC Belt Buckle
You're a g, I fuck with this channel heavy.
You just save my life thank you so much
Appreciate the enthusiasm.
you are a star.....proudly Zimbabwean thou....
Zimbabwe pulled a metta gamer move, cause now the bills are worth alot for collectors.
I have never commented on a youtube video before, but I have watched so many of your econ videos and you have helped me so much. Is there any way I can support you other than subscribing? I would pay money for these videos! You are amazing and thank you for taking the time.
+osamahalgazali I'm glad that you like my videos. You should check out my Ultimate Review Packet. www.acdcecon.com/#!review-pack
Thank you
Thank you. I've been trying to figure out what the terms were for these two types of inflation.
Demand-Pull Inflation is pretty easy for me to understand. Higher consumer demand leads to higher prices.
And, Cost-Push Inflation is the term I was looking for to define things like government restricting the oil/gas industry and thus leading to higher gas prices (and subsequent higher cost of living).
But, what about our government having the Federal Reserve Bank print more money?
The extreme of this is hyperinflation. But, what is it called when more printing of the currency is causing prices to rise, but not to such an extreme extent? It's just a more gradual erosion of consumer purchasing power.
Would "monetary inflation" be the correct term for this?
Thank you!
Couldn’t help but notice the AC/DC belt
hello sir! my concepts of demand pull and cost push inflation are clear and thank you so much for that. Byt, I had a doubt.... that.... what would increase both demand pull and cost push inflation?? I am not able to understand about this... can you help me??
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100% agree with you
my fucking school is so shit it cant explain inflation properly.
ACDC to the rescue! u help soo much man
Thank you!!!
cheers mate really helped
thanks
Too short.i need more!!
Hi Exchange rate of hard currency in black market sometime causes inflation if the government is overspending and etc. My question is, How can black Market be demolished?
Amazing explaination... keep it up👍
Hey mate, is this for short run period or long run period?
Does Cost push inflation always have to translate to wage increases by default? These past 2 we experienced cost push inflation these however wages have been the same over the past couple of years.
can you explain further on 1:00 , why printing so mich money is bad?
I'mma buy the ultimate review packet with a trillion dollars😂😂
It's unfortunate that the hyperinflation in Zimbabwe was explained simply as an increase in the amount of currency created.
*Inflation in Zim started with a decrease in production* when the government took away land leased to European farmers and gave the land to citizens of Zim. The problem was the citizens were much less capable of sustaining the same level of output at the European farmers. As a result exports in the country dropped significantly and there was less money entering the country via export sales. Combine that with angry Europeans who demanded the Zim repay money borrowed from Europe. With exports down the nation had less money to meet its obligations, *THIS* is where money printing began, but inflation had already begun when the nation's economic output had dropped by some 25% and the amount of money had stayed the same. There was already more money chasing fewer goods BEFORE money creation began in earnest.
Printing was the result of a self-inflicted loss of productivity combined with high levels of foreign debt. There isn't a SINGLE example in the last 100 years of hyperinflation that has STARTED with an increase in money printing. The catalyst is always a loss of production or a less in export income, usually over a compressed time frame.
so with $15 min wage, we have cost-pushed inflation, with 1.9Trillion printing, we have demand pushed inflation at the same time?
omggg love you Jacob
tysmmmmmmmmmmmmm
what about government inflation by increasing the money supply through printing of money.
Is the price of mask or gel hand sanitizer considered to be demand pull inflation in this pandemic?
Perfect
Mr clifford can you please please upgrade the full version of ap microeconomics to 4.4.2 or in other words, compatible/eligible for android phones? It seems that you have allowed any android phones from 2.2.2 and over to buy the app but somehow the range goes from 2.2.2 to 4.2.2 for ap microeconomics.. due to this, i cant see the microeconomics full version on my play store
Hyperinflation -> govt printing more money to pay off their debts
2 other causes of inflation (AS, AD)
-> cost-push inflation (AS shift left)
-> demand pull inflation (AD shift right) (too much money, too few goods)
Will cost push inflation decrease the output of the product?
Eric Forteza possibly since it'll cause demand to go down for equilibrium but possibly not at all depending on the elasticity of the product
hey! what are examples of cost push and demand pull?
thx ;)
+Bruno Burghgraeve Demand pull inflation could be caused by anything that increases aggregate demand. If the government decides that it wants to stimulate the economy, it might consider increasing government spending. If it continues to spend, price levels will continue to face upward pressure; in which case they will increase. This is an example of demand-pull inflation.
Cost push inflation is generally said to be caused by things that increase production costs for firms. If oil prices suddenly increase, all firms face higher production costs than before, and short-run aggregate supply would decrease.
Keep in mind, for any type of inflation, you must have a sustained increase in the general price level. If oil prices suddenly increase and then decrease again, this is not inflation, rather it is a one-time increase in the price level.
Hope I was able to help.
Zimbabwean here 🇿🇼🤣🤣🤣🤣🤣
y'all should look at crash course economics. It's the same dude but better animations
I suppose the Demand Pull is in play with many NON ESSENTIALS shut down!
Un bon contenu ... ♫♫
Félicitations ma chérie ACDL. ♪♪♪
vraiment intéressant ... ♪♪
merci pour le partage .. ♫
début heureux de la semaine ... ♪
no doubt you explain very well, but i wish you spoken a bit slower so i could understand better
Not all hero’s are called Superman, some are called Jacob Clifford
Specify the goal and need money
So amazing 🥰🤩
He asked me to leave a comment below. I never asked why.
Zimbabwe... You mean Rhodesia?
you saved me
Isn't it better to buy gold to hold value
ha ha what a good explanation in a funny way
😂😂🇿🇼damn that currency was the bomb ...
that intro gave me a heart attack
printing too much money (govt to pay off debt) -- hyperinflation
2 other causes of inflation
1. cost-push inflation (AS & AD curve, y-axis = price lvl. x-axis = GDP. When AS shift left causing Px lvl ↑)
2. demand-pull inflation (AD shift right. too much money, too few goods)
why do you look exactly like mark cuban
I LOVE YOU
isn't this exactly what the federal reserve does in america?
Ily
I typically really like your videos, but this one didn't explain the concept very thoroughly.
Wrong, the government gave the farms to people who did not know how to farm. So, they had to import from the countries that they ousted. Those countries gouged them to death. They did not increase their spending enough to cause that to happen if the farms were productive.
cocaine is a hell of a drug
Hi
Mugabe wrecking ball😂
"Allah condemns exploitation, and He blesses charities. Allah does not love any disbelieving sinner."
Quran 2:276
Lending money for money with interest has to stop, instead Banks buy and sell goods with installments based on benefit value. Banks buy shares from factory or company.
Stop burning money in gambling or extravagance
Furthermore rich to spend 2.5% of net saving to the poor yearly, "Zahat"
Within time, no poor, no inflation, and money will cycle between rich and poor .
Please read more about Islamic finance
Finally everyone will meet Allah alone after life and will be asked from where you get your money and where did you spend it.
"Those who believe and do righteous deeds: the Mercy Giver will give them love." Quran 19:96
Thank you, whishing you all the best
you scared me at the start of your video
YOU ARE TALKING WAY TOOOOO DAMN FAST