Aggregate Demand and Supply and LRAS; Macroeconomics

Newer video for this topic-

In this video. I explain the most important graph in most introductory macroeconomics courses- the aggregate demand model. In this video I cover aggregate demand (AD), aggregate supply (AS), and the long run aggregate supply (LRAS). Make sure that you feel comfortable drawing it and showing the economy at full employment, with a recessionary gap, and with an inflationary gap.

Thanks for watching. Please subscribe!

Macroeconomics Videos

Microeconomics Videos

Watch Econmovies

Follow me on Twitter

[sarahmcmillan]

explains in 3 minutes what my prof couldnt in 2 hours. bless

[connorparks]

thanks Mr. Clifford that was better than my lecture in quite literally .016 of the time

[Luckyz]

what you taught in 3 min took my prof 1hr and 30 mins ...

[justforuni]

Thank you Mr. Clifford. I agree a 100% with lchiroseattle51....

[janezerd]

i love ur videos but sometimes you talk too fast then i have to take it back to hear it again 

[samthesnowman]

A
C
D

C
for the win and ppl read subs hellooo XD

[chrisimler]

You seem very knowledgeable on the subject. Its a shame you talk so fast that you can't impart any of that information.

[danoleno]

damn. i learnt more in 3 minutes than in 2, 3 hr lectures

[ericxcn]

has anyone ever told you you look like Mark Cuban? LOL, thanks for the video.

[sylviazhang]

This is the most helpful AD/AS explanation ever.

[Ichiroseattle]

THANK YOU! Cramming for finals made easier right here.

[andrewwilliams]

I see you puttin the lightning bolt between AD & AS like its ACDC

[strawberryelric]

Without your help, I would have done poorly on my college midterm. I'm going to be using all of your videos to teach a class someone else cannot. x-x

Thank you for these

[bert]

Wow. Explained better in 3 minutes through YouTube then by a semester with a Dr. of Economics. Please come to UNLV

[ryanm]

Hey, Professor Clifford! Quick question: what is the dividing line between long and short run? A few years, decades? I ask because it seems like we've been suffering from stagnant wages for awhile, at least in the lowest classes. There was a short term inflation growth spurt due to COVID and logistics issues, which caused a reduction in GDP/demand exceeded supply, and that makes sense. But what about the long term inflation (more than the last year or so), with what feels like an increase in businesses that overtly disobey hiring, recruitment, or compensation laws, and do the bare minimum, or cheat, to satisfy worker protection laws? Our federal min wage is still $7.25...they did that when I was 15 years old (or that's when I remember seeing the change from $5.15 on posters and such), and I'm 33 now. In almost 2 decades we've had an overall increase in prices and demand, with little to no change in wages.

Edit: Well...nevermind. I just realized I'm almost a decade late to the party. Anyone else have an explanation in response to the above?

[adityagarg]

my teacher took 5 days to explain this stuff
best econ teacher on youtube

[Jsmoochie]

Honestly learned more here than my Mac econ 101 class has taught me the passed 4 weeks, ty

[galbinyamin]

Great teacher, I understood it all thank to you ! 

[katar]

I have been struggling to understand this for hours, and this video is so clear. Amazing

[deputydevn]

I've spent the last two weeks learning about this and not understanding it, I watch this 3 minute video and suddenly it all makes sense. Thank you