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.
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.
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
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.
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
its crazy that we pay thousands just to come here and watch these videos. Thank you!
*Laughs in European*
LOL from China
You're not paying to learn, you are paying for the opportunity to pass the exams and earn a degree from the university :)
😂😂😂😆
I wish this man was my teacher
Enjoyed✔️ a chapter in 6 minutes
Thank you, thank you, thank you.. I've searched through all videos but I couldn't find one that as magical as your explanation..
Phillips curve? More like "I'm really glad I heard" all of this great information. Thanks for everything Sal!
Do you have a version of this where you use WS-PS model instead of the phillips curvr
Beautiful!!!!!!!! Easily explained, and worth watching! Thanks!
best teacher ever
awesome video as always
إنها ألعاب العقل
How to use AD AS curves to explain ADEX curve...( asking for 4 page long answer)?
Hi, what program do you use to draw?
Some segments in the video are stamped not adjacent to each other
How does inflation correlate with Government stimulation?
take the U.S with their stimulus checks as an example
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.
Better technology will create efficiency, lower cost lower price, more output, more income
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.
I paid thousands for university and they show me this video.
I came across your comment and I was just curious. How have your studies been going?
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.
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
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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.
Wow! What an explanation!
Increase in AD cause SRPC to shift
Eco105 UOFT, anyone here?
oof im definitely never gonna be ready for AP classes lol
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?
Shouldn't Inflation increase because suppliers raised prices, not because Philips curve shifted?
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
SAd's explanation of this topic somewhat clumsy .he's no degeere in economics.its showing.anyway good try.