The answers to the practice multiple-choice questions are below. Just click on "Read more". 1. A 2. D 3. D Need more practice? Get the Ultimate Review Packet. It's FREE to start. Step 1: Go to: www.ultimatereviewpacket.com Step 2: Create a free account Step 3: Enroll in the free version of the Macroeconomics packet
Hey mr Clifford I just wanted to thank you for all the work you did helping us prep for the AP test last year. You absolutely saved my score and I even ended up watching one of your vids in the middle of my test to help me. You’re the best.
@@devinbaum3131 First of all, the price of foreign goods wouldn't decrease if the price level increased. It would most likely increase because now instead of natives buying native goods, they would buy foreign goods since they are cheaper, then the price of foreign goods would increase because the demand of foreign goods increased. Second of all, even if the price of foreign goods decreased, that means that there would be more imports. Real GDP would decrease, and aggregate demand would decrease. (C + I + G + (X - M)) I may not be 100% correct.
AD: 1. AD increase, shift right - Investment 2. AD Decrease, shift left - Expectations 3. AD Increase, shift right - Consumer spending 4. AD Decrease, shift left - Net Export 5. AD Increase, shift right - investment 6. AD Decrease, shift left - Consumer spending
During my 2nd semester in college, when I took macro, for the first dew days I didn’t have much helpful resources provided by my professor until I, myself, stumbled upon this channel that accurately explains macro topics in a few mins. So I gotta say kudos to you, Jacob! 😄
Hey Jacob! Im currently enrolled in an online accelerated macro class with almost zero professor/student interaction and your videos have really been a life saver. More so this week as we're learning AS-AD, Multipliers, Fiscal Policy, Deficits and Debt. Thank you for loving Econ!
Dang... you released this video just as i'm learning aggregate demand in school this week. Talk about perfect timing! By the way, i'm a university student and i love watching your videos as quick recaps of past topics as a refresher. Awesome work Jacob!
God bless you for all the great works. I have become a better Economics teacher through your videos and still following to become greater. Thank you so much.
wow, this video helped me in words I cannot explain... i was sitting and looking at my lecture notes and was completely lost, this video made me understand so much in so little time. thank you so much.
Thank you so much for all of your Econ videos! They have helped me so much throughout my Economics units. It's funny because every time you said "It's alright if you've answered the question with this answer instead of that answer, it's okay"... Answer 3 I put Government Spending, changed it to Consumer Spending, then added Goverment spending back in afterwards!
I really have to thank you for your vidoes! Out of all the videos I tried watching for economics I really couldn't focus on them. Yours have really impacted my learning. Thank you! and rock on AC/DC!!!!
After listening to Jerome Powell I needed to understand aggregate demand since is what the FED can affect with monetary policies Thanks for your video you are very clear even for somebody like me, a foreign that I didn’t study economy I was able to understand and answer all the questions right
Hello Jacob. Hope you're well! Your videos in high school (9 years ago for me) made me fall in love with Econ. Just finish my undergrad in business also used your videos throughout my time at uni haha... thanks so much! ☺️
This is helping me alot in ap econ but if you could organize all your videos into folders like by putting all the videos relating to macro into the macro folder you have that would help me and probably alot of other people a significant amount, thank you!
You are the best 😊 Thank you for your videos sir...it has a huge impact on us...I wish I understand Economics atleast half of what you understood 😅 You will be my favourite teacher always
at 2:05 "When price level goes up people buys less but also save less" I don't understand why they'd save less. If prices are high then they won't consume as much and so they will save more..
But be happy that the things that bother you are mindless things like milk jugs being out of the fridge. And might I add, dont cry over spilled milk. :)
According to the videos about "demand and supply" there are shifters that make the curve to move, and "change in price " just makes the point move along the same curve. But in this video first he said 3 things that make "quantity demanded" to change. But at the end almost the same things (eg. 1st case exchange rate, 2nd case dollar appreciates. For me they are the same. ) became "shifters". I did not see big difference. I would be happy if someone spend time to clarify this.
The answers to the practice multiple-choice questions are below. Just click on "Read more".
1. A
2. D
3. D
Need more practice? Get the Ultimate Review Packet. It's FREE to start.
Step 1: Go to: www.ultimatereviewpacket.com
Step 2: Create a free account
Step 3: Enroll in the free version of the Macroeconomics packet
Hey mr Clifford I just wanted to thank you for all the work you did helping us prep for the AP test last year. You absolutely saved my score and I even ended up watching one of your vids in the middle of my test to help me. You’re the best.
@@mikespinelli299 i love the appreciation but prob shouldn't say that last part online
Why isn’t the answer to 1 B?
I can understand that for 1, A is the correct answer but why isn't B a plausible choice?
@@devinbaum3131 First of all, the price of foreign goods wouldn't decrease if the price level increased. It would most likely increase because now instead of natives buying native goods, they would buy foreign goods since they are cheaper, then the price of foreign goods would increase because the demand of foreign goods increased. Second of all, even if the price of foreign goods decreased, that means that there would be more imports. Real GDP would decrease, and aggregate demand would decrease. (C + I + G + (X - M)) I may not be 100% correct.
AD:
1. AD increase, shift right - Investment
2. AD Decrease, shift left - Expectations
3. AD Increase, shift right - Consumer spending
4. AD Decrease, shift left - Net Export
5. AD Increase, shift right - investment
6. AD Decrease, shift left - Consumer spending
Yes! Good Job!!
Thanks
You put `AD Increase, shift right - investment ` on 1 and 5. was that on purpose? i am now studying for my exams. thank you
It's crazy how, even if Jacob is a good man and explains everything with such a positive energy, I can't figure it out 😂.
😂😂😂😂😂
True😂😂😂😂
Same here 🤯😭
@@funchum0008 me 2，it‘s so hard
😂😂😂😂 omg
During my 2nd semester in college, when I took macro, for the first dew days I didn’t have much helpful resources provided by my professor until I, myself, stumbled upon this channel that accurately explains macro topics in a few mins.
So I gotta say kudos to you, Jacob! 😄
Your videos have helped me in micro. Macro is kicking my butt right now, so thank you for being here
Hey Jacob! Im currently enrolled in an online accelerated macro class with almost zero professor/student interaction and your videos have really been a life saver. More so this week as we're learning AS-AD, Multipliers, Fiscal Policy, Deficits and Debt. Thank you for loving Econ!
You're quite possibly, the best teacher I've ever had. And we've never even met!
Dang... you released this video just as i'm learning aggregate demand in school this week. Talk about perfect timing! By the way, i'm a university student and i love watching your videos as quick recaps of past topics as a refresher. Awesome work Jacob!
Same with me! I’m convinced he’s a spy because this is the third time that has happened
Same here!! 🙋♀️
YOU'RE LITERALLY THE ONLY PERSON I UNDERSTAND ECONOMICS FROM, THANK YOU SO MUCHH
Thank you Mr.Clifford! You are the hero I didn't think I need, BUT I DEFINITELY NEED to ace my IB econ tests :D
I'm so thankful for how easy and fun you've made Economics ... Thank you Jacob Clifford for being the teacher I always needed.
God bless you for all the great works.
I have become a better Economics teacher through your videos and still following to become greater.
Thank you so much.
All I wanna say is thank god for you, i have the worst teacher ever, and i suffer in this class until I watch your videos . Love you mate
Mr. Clifford is still helping me survive these Econ classes! Thank you Sir!
You are the best man. Never seen someone so good at teaching.
I watch these videos for hours the week of a macro exam, you do Gods work mr Clifford
I just did this topic on Monday.. Thank youu
This channel needs more subscribers and more views because right now its not reflecting the quality of the content.
NOW THIS IS A BANGER 🤣🤩
OMG I could cry! I could NOT understand that graph for the life of me! THANK YOU
found the best professor ever for econ
wow, this video helped me in words I cannot explain... i was sitting and looking at my lecture notes and was completely lost, this video made me understand so much in so little time. thank you so much.
Thank you so much for all of your Econ videos!
They have helped me so much throughout my Economics units.
It's funny because every time you said "It's alright if you've answered the question with this answer instead of that answer, it's okay"... Answer 3 I put Government Spending, changed it to Consumer Spending, then added Goverment spending back in afterwards!
thank you for this video, taking a class online right now and hearing it helps way more than just reading
Came to learn about LRAS and struck gold! Really great stuff!
I really have to thank you for your vidoes! Out of all the videos I tried watching for economics I really couldn't focus on them. Yours have really impacted my learning. Thank you! and rock on AC/DC!!!!
After listening to Jerome Powell I needed to understand aggregate demand since is what the FED can affect with monetary policies
Thanks for your video you are very clear even for somebody like me, a foreign that I didn’t study economy I was able to understand and answer all the questions right
shoutout to jacob for actually being my macro teacher bc my teacher just gives us all of his stuff instead of actually teaching
This man is so down to earth. @JacobClifford we appreciate your passion and the effort you put into these videos, thank you so much!
jacob clifford i love you you helped me get a 5 on micro and hopefully macro as well!!
this man teaches better then my performer i didn't understand it at all until he taught me.
You help me through a hard time man i love your videos! i've today my economic exam and your videos explained it in a easy way!
Thanks for the Brian Regan shout-out in the initial PPF curve!! Y'all are both great!
Thank you sir, i was able to complete the question because of you
You are awesome!!! Thank you Mr. Clifford!! You just earned yourself a new subscriber ❤️
Thank you jacob .your videos have helped me alot , im on my way to be an economics guru. We really appreciate your videos here in Zimbabwe..
Thanks Sur so much. You made my Economics life muuuuch easier
God bless you for posting this man
Trust me pal, you’re the best 👏🏼👏🏼👏🏼👏🏼 and I aced the shifters 😜😜
Love the analogy of the Rubik’s cube, but you solve the puzzle in three layers, not by the faces. Love it.
Test tomorrow, trying to prepare now since I’ve been too busy to all week
Truly quality video, thank you so much!
Hello Jacob. Hope you're well! Your videos in high school (9 years ago for me) made me fall in love with Econ. Just finish my undergrad in business also used your videos throughout my time at uni haha... thanks so much! ☺️
Thank you!! I am taking asynchronous classes and have not been in school in over 20 years. This video is super helpful! Thank you again.
you are amazing teacher :)
you are the best, I love your videos
This is helping me alot in ap econ but if you could organize all your videos into folders like by putting all the videos relating to macro into the macro folder you have that would help me and probably alot of other people a significant amount, thank you!
Thank u soooooo much for making it fun and easy to understand 👍🏻👍🏻👍🏻👍🏻
jacob thank you for these great videos man !!
Can someone explain why, when price level goes up, that people buy less AND save less? he says it at 2:10
Wow... got all of my answers right...
Thank you for making it simple and engaging
What’s the name of the soundtrack that you’ve used in your intro?
spring in my step
Please never stop
3:43 The "unexpected boom" in the stock market is still pretty vague - it can be either a positive or negative event.
You are really good, all I ask is next video can you solve some economic questions
Thank you!! This video really helped!! :)
You are the best 😊 Thank you for your videos sir...it has a huge impact on us...I wish I understand Economics atleast half of what you understood 😅 You will be my favourite teacher always
All hail Keynesian Economics!
im learning more here than in my classes lol
Great video. Thank you 👍
hey guy i really don't want to say bad words but this guys is a fucking legend
Absolutely thanks a lot for this I am very gratitude
at 2:05 "When price level goes up people buys less but also save less" I don't understand why they'd save less. If prices are high then they won't consume as much and so they will save more..
Great video ! Helps out alot
The milk jug outside the fridge bothers me so much
It's clearly glue being used as a prop
It’s from a previous video. Kind of an insider
But be happy that the things that bother you are mindless things like milk jugs being out of the fridge. And might I add, dont cry over spilled milk. :)
God bless you (thank you!!)
AHH I just started learning 3.1 tysm!!!!!!!!!!!!!!!!!!!!!!!!!!!
Is the reason why AD is downwards slopping also the factors that causes shifts along the AD?
AMAZING teacher
16 “I am sending you out like sheep among wolves. Therefore be as shrewd as snakes and as innocent as doves. (Matthew 10:16 NIV)
Helps .god bless the speed adjustment feature
THANK YOU AND GOD BLESS!
This was great!
Thank you so much fur your work! Really helpful!
1. Real value of assets
2. Income taxes
thank god for this man
Thank you so much for the easy to digest informative video. I also couldn't help but wonder how long that gallon of milk has been sitting there..
Took me out the pits man❤😢
😮
Great video!
Laughed loud at 3 am studying when I saw that cat goes " wow"
that was so helpful thanks
great video man
According to the videos about "demand and supply" there are shifters that make the curve to move, and "change in price " just makes the point move along the same curve. But in this video first he said 3 things that make "quantity demanded" to change. But at the end almost the same things (eg. 1st case exchange rate, 2nd case dollar appreciates. For me they are the same. ) became "shifters". I did not see big difference. I would be happy if someone spend time to clarify this.
great video
you are legend.
Please teach us the ABC analysis(inventory management)
helpful for my test, thanks
I did great!
You are awesome 😎
very helpful!
professor teach the lesson well, thank yoo.
Thanks a lot. 🙏
Thank you
Great video, I just do not fully agree with the shift of the stock market question.
thank u for the help, you are nice and good
I love you Mr.Jacob❤❤❤❤❤❤💋💋💋💋💋💋👄👄👄👄👄👄
I love u, chichi
@@spencer7594 ❤❤❤😅😅😅
ur the best
Thanks!