The Phillips Curve- Macro Topic 5.2

Hey students. In this video I show you how to draw and shift the Phillips curve. Remember that there are two curves: the short-run Phillips curve and the long-run Phillips curve.

The best way to understand them is to remember what you learned in Unit 3 about aggregate demand and supply. A shift in aggregate demand shifts along the short-run Phillips curve. A shift in aggregate supply shifts the entire short-run Phillips curve. Thanks for watching.

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The answers to the pop quiz are in the first comment below

[JacobAClifford]

The answers to the practice questions are below. Just click on "Read more". Be sure to leave a comment and let me know how you did.



1. C
2. B...sure to subscribe :)
3. E
4. A

[jakobgerber]

I would like to thank You mr.Clifford i just finished my macro and mico economics classes and finished with the highest grade you can get. Youve have helped me a lot with your fun, fast and educational content. Ive couldnt done it withoutyou, thank you and keep doing you content. Have a great week. Lots of thanks from Sweden!

[gre]

Thank you so so much! I've been watching your videos for years and they have been life saving!!

[annaktrman]

Jacob, you are AMAZING! Thanks to you I understand micro and macro and am able to pass my exams. Without your educational videos, it would be impossible. Thank you for providing us with free-quality videos on economics <3

[hugosorianovillarroya]

Thank you, I’m currently studying for my IB economics november mocks and you’ve just saved me as always

[testaccount]

Hi, I am Matthew Hem, and really love economics and want to thank my teacher for showing us this. My question is: is there a Keynesian Phillips curve. Again, this is Matthew Hem, LETS GO

[abip.]

Who is here before their macro econ final, praying for God to make a miracle?

[thandekabwalya-sorj]

Hey Mr Clifford if you are going read this message
I would love to say thank you for helping 💖
You have given me the most help ❤️ in economics

[christophermahar]

Hi Jacob. Could you please do a video explaining the impacts of 0% reserve requirement for the USD? I live in Australia and am studying a bachelor in PPE.
My economics teacher here could not explain to me the implications and wasn't actually aware what the reserve ratio requirement was presently at for either country....
Thanks, Love your content btw!
Chris.

[alfredkiyiapi]

Thanks Mr Jacob Clifford for making my semester great full

[kiritomalana]

thank you so much learned a lot in 5 mins

[helen_chenliangjiu]

Hi Mr. Clifford! The CED was updated in the summer of 2022 to incorporate new monetary policy content and the new calculator policyWhich means that there are new things and changes in the syllabus. Could you make videos to talk about these changes and new things in the syllabus? Thanks a lot. This will help me su much since I'm taking the AP macroeconomic exam next year.

[ShelbyUsherwood]

I have an exam on this tomorrow and this helped. Thanks so much.

[agustinburgos]

NGL you got me on the first statement lmao

[XuanNguyen-nfbi]

thankyou so much for this great and easy-to-understand lecture

[andreadartigues]

2:19 Unemployment when up! not down, it's the employment that went down

[ijt]

Im going to tell my kids this was Mark Cuban! : )

[jasonleelawlight]

Man why did you bring up the screwdriver if it's not the same guy?😂 But anyway you got me, that's a good one 😂

[pradeependers]

explain fiat currency
is it bad or good

[mickcraven]

And taxation? Aka, money supply? Where's that relationship?