Long-Run Aggregate Supply, Recession, and Inflation- Macro Topic 3.4 and 3.5

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  • เผยแพร่เมื่อ 15 ม.ค. 2025

ความคิดเห็น • 269

  • @simonesquared
    @simonesquared 7 ปีที่แล้ว +644

    In 3 minutes you summed up what my teacher tried to teach in 3 weeks.

    • @tanavsharma7558
      @tanavsharma7558 5 ปีที่แล้ว +5

      facts

    • @jasp9661
      @jasp9661 5 ปีที่แล้ว +1

      Fr

    • @vividvybz
      @vividvybz 5 ปีที่แล้ว +1

      thats so true lmao

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      @gold4963 4 ปีที่แล้ว

      That's too accurate.

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      @milkbeforecereal9257 4 ปีที่แล้ว +4

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    @daixpeterson1662 8 ปีที่แล้ว +306

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      @terrapins 8 ปีที่แล้ว +17

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      @aldrichwang5639 6 ปีที่แล้ว +2

      congrats!

    • @scotts6996
      @scotts6996 3 หลายเดือนก่อน

      @@terrapins what you get unc

    • @terrapins
      @terrapins 3 หลายเดือนก่อน

      @@scotts6996 5 on macro and micro it was slight

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    @WJames-vk2kp 9 ปีที่แล้ว +159

    Your Econ videos have helped me get a good grade in my college class. Thanks for providing clarity where there was once confusion!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +24

      +Weston James I'm glad I was able to help Weston. Make sure to subscribe:)

  • @shelvialferez
    @shelvialferez 3 ปีที่แล้ว +8

    What's good about his videos is that they are short, yet very precise. Thank you for this!

  • @shihuiyeong2982
    @shihuiyeong2982 9 ปีที่แล้ว +241

    omg...ur explaination is even better than my lecturer

    • @neelparmar6690
      @neelparmar6690 9 ปีที่แล้ว +40

      +Shihui Yeong he summed up in three minutes what my lecturer was trying to do in an hour

    • @Justforthelulz8
      @Justforthelulz8 7 ปีที่แล้ว +3

      Very easy to understand and I like it! im using it for my exam now

    • @madisontaylor8621
      @madisontaylor8621 7 ปีที่แล้ว +2

      SAME GIRL!

    • @2024trotter
      @2024trotter 6 ปีที่แล้ว +1

      i guess you are from ntu?

  • @Commander_HW
    @Commander_HW 8 ปีที่แล้ว +12

    Sir i want just you to know that if i passed both of my micro and marcecon classes then it's all because of you! Because i am taking macro and micro econ with the same profs, and he has bad handwriting and he jumps here and there that makes me lost as hell in class, and he tends to drag things too long which doesn't fit in my attention span. I like your teaching style how it's short and sweet and CLEAR, I can learn much more things in much lesser amount of time here than in class. 4 mins of your video is more than 2 hrs of my econ classes. Now i don't even bother to listen in class anymore since he gets me lost just 5 mins into the class, i don't write down his note too since i can't recognize what he writes on the board, all i do is come back home and watch your videos and within a few mins i'll be good to go. Thanks again! Most of my classmates can't tell what his writing on the board, and most of us will get discouraged, and i told them about your videos, and they told me i saved their asses! LOL.

  • @domoore8531
    @domoore8531 8 ปีที่แล้ว +3

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  • @aztecclient8231
    @aztecclient8231 4 ปีที่แล้ว +1

    My teacher has been "teaching" this for the past week and this video taught me more than that in 4 minutes.

  • @JessicaSavery97
    @JessicaSavery97 4 ปีที่แล้ว +4

    you've explained Aggregate Demand, Supply and long run better than my university lecture and tutors ever have!

  • @lisah6612
    @lisah6612 8 ปีที่แล้ว

    I bought the packet and it was the best purchase EVER! I learned Micro in 4 days binge watching your videos (and passed my final), and now I'm learning Macro. I haven't used any other sources. Thank you for taking the time to do these, I encourage EVERYONE to buy the packet, it's worth the $10 and it will help you a lot!

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    @AlperenDemirkilit 6 ปีที่แล้ว

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    @Ryan-me9el 5 ปีที่แล้ว +3

    I know I'm a bit late to the party here, but thank you so much for making these videos man. You've saved the asses of numerous university/college students. It's crazy to think that there are professors making ridiculous amounts of money when they can barely teach anything right -- especially compared to you. Cheers.

  • @Schnoeli95
    @Schnoeli95 9 ปีที่แล้ว +35

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    @linzhang8519 7 ปีที่แล้ว

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  • @calidrummer1221
    @calidrummer1221 9 ปีที่แล้ว +1

    The shifts in the graph have probably confused me the most ever since we started learning AD/AS. This has clarified so much more, thank you so much!

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว

      +CALIDRUMMER I'm glad I was able to help

  • @haoqiu8542
    @haoqiu8542 5 ปีที่แล้ว +8

    I'm going to have final exam in two days, you really helped me a lot! Thankyou So much !!!

  • @stefaniac2095
    @stefaniac2095 8 ปีที่แล้ว +6

    OMG, I was going crazy with this concept in the book. You were so clear, in just few minutes!! Thank you so much :)

  • @joeblackjackal6288
    @joeblackjackal6288 5 ปีที่แล้ว

    bruh!!! Glad you make videos like this. Everything click when you said " the trick is to remember when there is recession wages will eventually fall and when there is inflation wages will eventually go up!!! my final is next week and this chapter was putting me on my knees LOL

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    @watthakanthani5439 8 ปีที่แล้ว +1

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    @amoghap.8231 3 ปีที่แล้ว

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    @mariajuanesta3319 6 ปีที่แล้ว

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  • @aaroncrumbley
    @aaroncrumbley 9 ปีที่แล้ว +167

    Can you come teach my Macro Econ class? My college professor is horrible...

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      @Blazzkystr 4 ปีที่แล้ว +4

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    • @alfredhitchcock45
      @alfredhitchcock45 4 ปีที่แล้ว

      i assume you have graduated from college now. do you still hate your professor?

    • @aaroncrumbley
      @aaroncrumbley 4 ปีที่แล้ว +1

      Alfred Hitchcock I don’t hate her but she was very strict and had a thick Ugandan accent so it was hard to understand her and if you asked her to repeat herself, show wild get increasingly mad. Why do you ask?

    • @alfredhitchcock45
      @alfredhitchcock45 4 ปีที่แล้ว +1

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    @leticiagenao8198 6 ปีที่แล้ว +1

    Although I'm almost done with my economics classes I still subscribed because you helped me get through it all. Thank you!

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    @saphroniac2983 4 ปีที่แล้ว

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  • @aashnajain123
    @aashnajain123 4 หลายเดือนก่อน

    Best teacher ever!! Everything makes sense now 😭
    Thank you Mr. Clifford :)

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    @hannahjean731 5 ปีที่แล้ว +1

    thank you thank you! I wish I had you for a teacher, this is so condensed and comprehensive!

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    @CheesecakeFitness 6 ปีที่แล้ว

    Nice job man, you literally explained the concept in less than 10 minutes that took my instructor 3 weeks

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    @mr_mrs_bains2320 4 ปีที่แล้ว +3

    amazing job!!! very clear understanding prof.

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    @MrJayPuff 8 ปีที่แล้ว

    Thank you. I learned more in your 4 minute video than I did in a 4 hour lecture.

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    @ericliciousWJJ 8 ปีที่แล้ว +6

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    @isaacedwards8601 5 ปีที่แล้ว +2

    Still watching this in 2019. I had no idea what the professor said, but now I do.

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    @BK29111 10 ปีที่แล้ว +11

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    @LemurInBlack 10 ปีที่แล้ว

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    @livandersalinas2530 5 ปีที่แล้ว

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  • @quriositysquared1028
    @quriositysquared1028 7 ปีที่แล้ว +2

    3:37 "Hopefully that makes sense"-It does now, thank you!

  • @tabeamatthies2104
    @tabeamatthies2104 5 ปีที่แล้ว

    As a non-native always have to change the speed at which the video is played to 0.75 cause you´re speaking so incredibly fast. But I like the way you explain things. Thanks for all these helpful videos!!

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    @dongji4317 8 วันที่ผ่านมา

    Thanks to you I'll be able to pass my test, thanks so much from Perú

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    @filipacarvalho2747 7 ปีที่แล้ว

    Great job Mr. Clifford! A big thank you from a portuguese BSc in Economics student!

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    @iankamwende7827 9 ปีที่แล้ว +4

    You are a very helpful man , i found a new teacher

    • @JacobAClifford
      @JacobAClifford  9 ปีที่แล้ว +2

      +Ian Kamwende I'm glad that it was helpful

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    @qilianmincioni5243 6 ปีที่แล้ว

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    @dogancankaraman3724 6 ปีที่แล้ว

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    @Legat69 7 ปีที่แล้ว

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    @katecorrigan1394 6 ปีที่แล้ว

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    @TheInshoreGoogan 8 ปีที่แล้ว +94

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    @Justsomeguy1015 10 ปีที่แล้ว +2

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    @tijnvanderkooij6416 3 ปีที่แล้ว

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    @jollysarah4 7 ปีที่แล้ว

    These videos are amazing. Thank you for making these concepts so clear!

  • @alfreduludo384
    @alfreduludo384 4 ปีที่แล้ว

    Thank you Jacob ! You just made my life so easy !

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    @Haurshanked 10 ปีที่แล้ว

    awesome! didn't quite get it in class but u made it a lot clearer! thanks!!

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    @ashadevidevi6496 3 ปีที่แล้ว

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    @ashleyyen9868 6 ปีที่แล้ว

    I've never learned so much in 3 minutes and 40 seconds

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    @lyndam8653 9 ปีที่แล้ว

    Your videos are Amazing you saved my life for my economics exam ! THNKS!!!! :)

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    @teacherm96 10 ปีที่แล้ว

    My final is Saturday you made the concepts clear.
    Thanks

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    @S.P20sss 4 ปีที่แล้ว

    Amazing..respect from India

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    @raffi3o3 8 ปีที่แล้ว

    thank you Mr Cliffard

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    @emilybarros6364 10 ปีที่แล้ว

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    @abdulkhan43 10 ปีที่แล้ว

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    @ollie623 7 ปีที่แล้ว

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    @stevepetrosyan6846 7 ปีที่แล้ว

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    @kcg5336 3 ปีที่แล้ว

    40 seconds in when the graph came to life the heavens opened and I finally understood.

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    @dillonbequette7230 9 ปีที่แล้ว

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    @aliakhan239 4 ปีที่แล้ว

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    @afrahu197 8 ปีที่แล้ว

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    @pu55inbootsluvr ปีที่แล้ว

    Would love a video on the savings and investments diagram!

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    @UnoMotlh 8 ปีที่แล้ว +3

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    @yasminearida667 8 ปีที่แล้ว

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    @yusufabdullah8081 4 ปีที่แล้ว

    thank you man,you are great

  • @rovercoupe7104
    @rovercoupe7104 ปีที่แล้ว

    I have to watch this so often. M.

  • @abhishiktasarkar9436
    @abhishiktasarkar9436 3 ปีที่แล้ว

    oh my god .....you explained the topic within 3 minutes.

  • @ExcelTutorials1
    @ExcelTutorials1 2 ปีที่แล้ว

    thanks! super helpful

  • @Igor-ug1uo
    @Igor-ug1uo 6 ปีที่แล้ว +1

    2:28 Wasn't the FDR's administration doing everything to prevent this self-correction? They tried to prevent wages from going down by introducing a federal minimum wage, created cartels by working with big businesses and engaging in price fixing at higher levers, limited agricultural supply by paying farmers not to produce, etc.

  • @oceanusprocellarum6853
    @oceanusprocellarum6853 3 ปีที่แล้ว

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    @yashb2997 4 ปีที่แล้ว

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    @manpiero104 4 ปีที่แล้ว

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  • @josephinemwidya
    @josephinemwidya 4 ปีที่แล้ว

    Great video, clear explanation thank you so much! what is according to you the best solution to stagflation?

  • @MilesEvery
    @MilesEvery 6 ปีที่แล้ว

    Great vid, thanks

  • @ishmaelramushu7808
    @ishmaelramushu7808 9 ปีที่แล้ว

    thanks sir i aways get distinctions in Econ because of you ..

  • @veronicavoinovich1300
    @veronicavoinovich1300 6 ปีที่แล้ว

    God these videos are helpful! Thank you!!

  • @UškoDugouško-u1o
    @UškoDugouško-u1o ปีที่แล้ว

    Hi Jacob, I'm having a problem understanding the long-run self-adjustment you explained from 2:00 onwards. Isn't it that in an inflationary gap, as the price level increases that the AS should increase as well, as more producers are willing to supply stuff since there is bigger demand which raises the price level? You said that AS decreases in an inflationary gap, which then raises the price level even higher.
    On the other hand, it is also logical to me that in a recessionary gap, as the AD decreases, AS should decrease as well as fewer producers are willing to supply stuff when AD and hence the price level is lowered. You said that in such recessionary gap cases, when wages and price level fall, AS increases, but why would AS increase as a response to lower prices? It is illogical to me that way.
    Also, both scenarios in the way you explained them end up at a different price level compared to the one they started at, so how is that self-adjustment?
    Your answer would mean a lot, I must be missing something crucial here. Thank you for your work!

  • @waleedharbi1149
    @waleedharbi1149 9 ปีที่แล้ว

    Perfect. Thanks Jacob :)

  • @areejatta3338
    @areejatta3338 6 ปีที่แล้ว

    Thanks man 😊

  • @matthewk7999
    @matthewk7999 4 ปีที่แล้ว

    Thank you!

  • @TheMimnahhas
    @TheMimnahhas 8 ปีที่แล้ว

    Thank you soo much!