Changes in the AD-AS Model and the Phillips curve | APⓇ Macroeconomics | Khan Academy

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  • Опубліковано 27 сер 2024
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    In this video, the long-run Phillips curve is introduced and the links between changes in the AD-AS model and changes in the Phillips curve model are explained.
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    AP(R) Macroeconomics on Khan Academy: Macroeconomics is all about how an entire nation’s performance is determined and improved over time. Learn how factors like unemployment, inflation, interest rates, economic growth and recession are caused and how they affect individuals and society as a whole. We hit the traditional topics from an AP Macroeconomics course, including basic economic concepts, economic indicators, and the business cycle, national income and price determination, the financial sector, the long-run consequences of stabilization policies, and international trade and finance.
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КОМЕНТАРІ • 36

  • @Eli-zk4mp
    @Eli-zk4mp 3 роки тому +68

    its crazy that we pay thousands just to come here and watch these videos. Thank you!

    • @CryMoarZ
      @CryMoarZ 2 роки тому +13

      *Laughs in European*

    • @shawnz4570
      @shawnz4570 2 роки тому +2

      LOL from China

    • @frankyang6582
      @frankyang6582 Рік тому +1

      You're not paying to learn, you are paying for the opportunity to pass the exams and earn a degree from the university :)

    • @princepolley1059
      @princepolley1059 Рік тому +1

      😂😂😂😆

  • @NovaAnimations
    @NovaAnimations 6 років тому +46

    I wish this man was my teacher

  • @melskauta3304
    @melskauta3304 2 роки тому +11

    Enjoyed✔️ a chapter in 6 minutes

  • @googlesheetmyway7067
    @googlesheetmyway7067 9 місяців тому +1

    Thank you, thank you, thank you.. I've searched through all videos but I couldn't find one that as magical as your explanation..

  • @PunmasterSTP
    @PunmasterSTP 2 роки тому +1

    Phillips curve? More like "I'm really glad I heard" all of this great information. Thanks for everything Sal!

  • @alisherkhonnasimov3802
    @alisherkhonnasimov3802 Рік тому +1

    Beautiful!!!!!!!! Easily explained, and worth watching! Thanks!

  • @Tijlcresens
    @Tijlcresens 2 місяці тому

    Do you have a version of this where you use WS-PS model instead of the phillips curvr

  • @justsomegirlwithoutamustac5837
    @justsomegirlwithoutamustac5837 4 роки тому +1

    best teacher ever

  • @vishalbalyan4155
    @vishalbalyan4155 5 років тому +5

    at 6 minutes and 13 seconds I think an incorrect explanation is given. If better technology is present the LRAS curve should shift to the left because when the LRAS curve shifts to the right it should illustrate a recessionary gap. Please tell me if Im wrong? except this is how I have seen it in multiple other sources.

    • @pradnyanusadi2934
      @pradnyanusadi2934 2 роки тому +3

      Better technology will create efficiency, lower cost lower price, more output, more income

    • @PunmasterSTP
      @PunmasterSTP 2 роки тому

      I think that when the LRAS curve shifts to the right (which it does) in response to better technology, it could almost be implied that the AS curve would shift to the right as well, unless there is a simultaneous recession happening. In other words, if the LRAS curve shifts, I don't think you could automatically assume that the SRAS curve would stay in place; rather, I think it would shift as well.

  • @Barnooo
    @Barnooo Рік тому +1

    إنها ألعاب العقل

  • @poojaahuja3934
    @poojaahuja3934 2 роки тому +1

    How to use AD AS curves to explain ADEX curve...( asking for 4 page long answer)?

  • @dungdinh5123
    @dungdinh5123 2 роки тому

    Some segments in the video are stamped not adjacent to each other

  • @TheIamMaxim
    @TheIamMaxim 6 років тому +6

    Hi, what program do you use to draw?

  • @Gunnslinger50
    @Gunnslinger50 5 років тому +1

    How does inflation correlate with Government stimulation?

  • @MrSaermed
    @MrSaermed 6 років тому +4

    Is there a Khan Academy in Karachi i would like to study there. Please. I lost much time. I haven't got much to lose.

    • @houriaalgerie9288
      @houriaalgerie9288 6 років тому +1

      It is an honesty why israelliens not spread religion ? Did prophetes enjoi not spread religion and take rights of people to usury ? Why they disbelive our prophete solomon is he spreading religion in india yemen africa ? What is their reaction from insist of our prophete jesus and christiens for spread religion for all all people ? Roman is a great emprore handrends religions why speshely christiens ? ...Will return

    • @maskboy925
      @maskboy925 6 місяців тому

      @@houriaalgerie9288 bomber?

  • @karlpalmgren6069
    @karlpalmgren6069 3 роки тому +1

    This explanation is good but incomplete.
    Shocks are temporary, the shift in ad will go back which causes us to end up in either of 2 situations.
    If the AD shift was positive, the economy is overheated, nominal wages increase to keep up with increased inflation. (They can do this because low unemployment gives workers more bargaining power) but then as there is a shift back, our economy is cooling down, ygap is negative and unemployment increases. Wages will then increase slowly compared to inflation and will go down, to fight the unemployment. The expected inflation will go down and this will shift back the as curve back so we end in point A.

  • @BNASSR
    @BNASSR 2 роки тому +2

    I paid thousands for university and they show me this video.

    • @PunmasterSTP
      @PunmasterSTP 2 роки тому

      I came across your comment and I was just curious. How have your studies been going?

  • @Supriya100kar
    @Supriya100kar Рік тому

    Wow! What an explanation!

  • @kababinihussain3306
    @kababinihussain3306 4 роки тому

    Increase in AD cause SRPC to shift

  • @generalleedle6883
    @generalleedle6883 2 роки тому

    Eco105 UOFT, anyone here?

  • @calebaw
    @calebaw 3 роки тому

    Shouldn't Inflation increase because suppliers raised prices, not because Philips curve shifted?

    • @pradnyanusadi2934
      @pradnyanusadi2934 2 роки тому

      Agree, the main cause is people expectation about higher inflation in the future. Supplier's employee will demand higher wages that leads price level to go up

  • @vicWcs
    @vicWcs 6 років тому +1

    oof im definitely never gonna be ready for AP classes lol

    • @PunmasterSTP
      @PunmasterSTP 2 роки тому

      Hey I know it's been years, but I just came across your comment and was curious. How did those AP classes end up going?

  • @sumanchowdhury9549
    @sumanchowdhury9549 2 роки тому

    SAd's explanation of this topic somewhat clumsy .he's no degeere in economics.its showing.anyway good try.