Fiscal & Monetary Policy - Macro Topic 5.1
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- Опубліковано 30 вер 2024
- In this video I overview fiscal and monetary policy and how the economy adjust in the long run. Keep in mind that fiscal and monetary policy shift aggregate demand while waiting for the economy to adjust is a shift in aggregate supply. Thanks for watching. Please subscribe.
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this fake mark cuban saved my life
He's like mark cuban mixed with turn-of-the-century al gore
LOL
I was thinking, Man! He looks like Mark Cuban! Lol
Cant unsee 😭😂
Oh gosh.That is why I am familiar his face. You are so right! hahaha
my attention on the content : 30%
my attention on his belt : 70%
sameeee o my god haha
that is a cool belt can't lie
Now you said this, I can no more focus on the content
When you see it yoy can't unsee it 😂 are you still alive dude ??
When ur ib exam is tomorrow and u finna fail but u still try to pass anyway
Me rn.
Sigh
Same bro same
Samee
Me right now
Nvm my exam cancelled due to coronavirus
I dropped out of school at 16. Worked full time for 6 years, decided to go back and study which was a massive decision.. I was really struggling to keep up with my lecturer.. to the point I nearly gave up, being able to learn from your videos has given me so much confidence and I'm passing exams.. I cant thank you enough for how much you have helped me, I really appreciate it.
this is a real motivation for anyone
keep trying and don't give up
How you drop out with no grades and manage to get into university
@@tytyboigaming7610 you can do courses (off grid) and depending on whether or not the Uni allows it you can get into certain Uni courses.
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I think Now you've had completed ur studies what r u doing now ? Is there any point of studying back ?
Why has no one commented on his belt buckle lol
Evan Anderson can't be unseen
you are a lifesaver and a hero. thank you so much, you explained in 3 minutes what my lecturer tried to do in maybe 2-3 lectures.
or maybe you weren't listening in the lectures and you resort to these videos to teach yourself content in desperate situations.
lol at you replying to a 6 year old comment just to be smug.
@@jimmybandme what the hell is he here for then, the same reason we all are. what a bozo hypocrite he is aye
@@JussyWussy lmao right. jokes on him i graduated with my economics degree 4 years ago - if it works it works :)
I think for my Econ teacher, he just can’t explain things as clearly as Mr. Clifford. It’s like I can’t wrap my head around the content after the 2 hour class. But I can for these videos because the content is more organized lol
Let’s be honest: we’re all here because of the Coronavirus
No i’m here because i missed the lesson on this and need to catch up
nahh... im here because of school unfortunately
why the f would u watch this for fun man!!!
Hey bro are you still alive just checking ❤
Man since he talks so fast, I had to watch about 20 times. lol
Mhm
strategy to increase views lmao
Reduce the play speed
click the 3 dotes on the right side of video then click play speed and make it 0.75 and you can also make it more slow. lets do it.
imagine having a math teacher who had the teaching abilities of Mr. Clifford
Check out Eddie Woo on UA-cam he's extremely good at explaining math concepts
This one of the great things about the net, you can actually choose the best teachers even if they are thousands of kilometres away from you!
Not that my economics teacher sucks ( he is a really good teacher) but you sir, just nail everything. I want to personally thank you for putting effort in the information as well as letting it be free. You are Awesome, please keep going :D
i was threatened with a gun, used my knowledge of fiscal policy to increase taxes and lower aggregate demand. The robber no longer demanded anything from me and i was saved. Thanks great value Al Gore for teaching this so well.
More like ADHD Econ
these video's are GREAT! i went blank this morning before today's final. But coming online and viewing these video's made it all come back!... and with an even BETTER understanding than before!. thank you, keep posting these videos :)
+Yvette Villalobos Thank you. Good luck on your final.
Your channel is the best thing to use right before an exam/test:)
He is an angel.
Yes !! he explained it like a boss 0.0 , mine teacher took 1 lecture going around in circles,
Not all heroes wear capes
Some wear ACDC belt.
Mr. Clifford is bae
You're bae
Adam Birgenheier Smooth
Adam Birgenheier your mother is bae
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@@Mr.SlutyBoy r/woosh
sir u act like Louis litt from TV series suits.
+Rohit Mehta Thank you?
+Rohit Mehta LOL
can't unsee this LOOOOOOOOOL
My final exam is tomorrow, I know very little on many of these policies for macro, just got boned on my accounting final, running on 4 hrs of sleep every day last week just tryna keep up with all my finals, steady diet of straight black coffee, I have never been so mentally exhausted. Who thinks I got this?
Same dude
I wish I had this teacher in my class
Same. My teacher, while he is really cool, he does have problems keeping my attention and staying in track.
I am taking Econ 202. these videos explain 3 hours of my class in 5 min... which is awesome!
I've spent hours reading the textbook and not understanding how everything came together and now ive come across your video and you beautifully explained everything in under 5 min!!! You're an eco god
Yrah our teacher was tryna explain it to us and I was trying to read about ti, but it made no sense
Can utell me how no policy in a recession would increase the aggregate supply
You have the capability to explain abstract concepts in such an easy way. This is a sign of a great teacher! Keep up the good work!
This might be random but I was just watching your 2010 videos and noticed you slimmed down a good bit in this video good job!
Hi Internet, a tip slow down the Playback speed to 0.75x.
noooooo, 2x speed is better :D
You are great, just try to speak a bit slower :) thank you
Slowing down the economy? May be you should slow down on your explanation!! Way too fast. Anyway, Thank you!
you make it sooooo easy to understand , Thank you
why does an increase in money supply decrease interest rates? I'm thinking an inflationary gap is where there is too much of a money supply and prices are higher, confused.
Did I hear this right, when we are in a recession we need to increase money supply to lower interest rates? 😆 watching this 6 years later is very interesting - During this period the feds are actually tapering there balance sheet and lagging the interest hikes - system collapse imminent.
This saved my life! BTW has anyone ever told you that you like JUST like Mark Cuban? LOL
Thank you very much Mr Clifford. But there is one thing that I still dont understand. In your video, you said when Money Supply increases, it will lead to a decrease in interest rate (And according to money market diagram, it is true). However, there is another scenario called relationship between value of money and price level, it says that if Money Supply increases, price level will increase as well and eventually it will induce the Central Bank to increase interest rate (which is contradicting to your assumption in the video). Could you please clarify my concern?
Thank you so much!
There's no contradiction buddy. When money supply goes up, interest rates go down due to inflation. So the Central Bank increases the interest rates once the desired inflation has been achieved as too much inflation will result in a Zimbabwe or Weimar Republic. The monetary decisions of Central Bank depend upon the level of inflation in the economy
Reggie? Is that you?
Mr. Clifford your teaching has benefited me a lot !
Who else gonna graduate from University of Sir. Jacob Clifford
How does decreasing the aggregate supply solve inflation?? What I can see is that decreasing the supply will make the prices higher because there will be fewer available??
Look at it with me :
Josh have a market. Josh knows he is the only one how buys chicken with rice here (no other suppliers available because we decrase aggregate supply). Josh knows that he can sell chicken wth rice at higher price because less other suppliers available so people will buy from him, no another near supplier available for them.
The higher prices means inflation. AS⬇️= More inflation.
So the 'No Policy' will cause more inflation.
???
the example you given is micro econ, not macro... you only look at supply, you will need to look at the demand curve as well...
do interest rates decrease with expansionary policy?
I know it’s very late but expansionary might mean more Government spending and a crowding out effect may come where Gov borrows more thus lenders have less money to lend out and interest rates may increase decreasing private sector activities, which is why contractionary policies may aim to reduce budget deficit/ national debt.
But if the economy is doing good and healthy, inflation is low then yeah IR may decrease
i have the AP test tomorrow and i was always fuzzy on fiscal and monetary policy, this video completely cleared up my confusion and refreshed my memory. Thank god for ACDCLeadership
Thank you so much for explanation Mr.Clifford. Seriously you are the best for those last minute explanation.
I prefer to listen to your explanation rather then my lecturer. Thanks again sir.
Can anyone explain why high unemployment decrease wage?
hey skibidi econ students
Very useful information, great work
mark cuban
Me watching this before 5 minutes to the exam😂
why can my teacher just not speak like you sir!
i had to watch at 0.5 speed
Watching your videos make me fall in love with economics even more!!!
You really helped me a whole lot ! I'm so lost in the book , haven't been reading it tbh , and watching 3 videos I can do this whole packed . You're really gonna be a huge help for my AP test . Love you !!!
Hi Mr. Clifford! I'm back the night before my exam!
What policy does printing money or bank notes fall
0:24 QFE seems to be inflationary gap and not recessionary, is that a mistake or did i got something wrong ?:)
I'm also confused.
leo leonid Q1(Real GDP) is less than QFE (Potential GDP) which means less than full employment. That is a recession.
I was confused at first cuz in my textbook they always move short-run AS and AD but LRAS (Long-run) stays in place. Here he did the opposite. Same idea though.
9 years later... video still doing wonders! 🔥🔥🔥
For those about to rock, we salute you! And you my friend have rocked the economic world!
25 seconds in and you just clearly explained what I've been struggling with for a month.
You are the heavenly Champion.
Mr. Clifford.. You are the only reason I didn't drop economics.. You're a life saver man YOU ROCK
Oh what's the point of all this!"In the long run we are all dead"
Siddharth Nair tru
why does he look like Mark Cuban
Fiscal & monetary policy
Fiscal policy ( gvt spending & taxation)
During recession can ↑ g spending
and ↓ taxation which ↑ disposable income hence c ↑ and AD ↑
3 tools in monetary policy. Reserve rate ↓ (banks can create more money(, buy bonds (puts money in system)
Inflation
Fiscal policy (govt spend ↓, taxation ↑)
THIS IS THE BOMB
having a cram shesh for my AP exam tommorow! all the videos really help!
my paper is in two hours and what i learned in these 2 minutes is more than what i learned in the last 2 years
Thank you for posting all these helpful vids
+Quentin Karamitsos Thank you for thanking me :)
yes very cool, i wish my eco teacher was good as you
Sorry but i didn't get the point. what is fiscal and monetary policy is.
Awesome!!!
Please, check the arrow of AS at 3:15 min. The image points to the right (should be to the left) as you also mentioned. Hope this helps.
I swear Gov spending was vice-versa?? Cause in a recession I know they want people to spend more money by lowering taxes, but why should the government spend more? I thought in the GFC nobody spent including the government which meant less infrastructure spending and construction which means less jobs and that's what happened.
I am from India and I have revised many topics from your videos over the past 4 years and it's so easy to understand when u explain it.
Thanks for the effort you put in to help us 😊❣️
Bonds must be purchased with reserves... how does the Fed buying those securities with reserves add money to the economy? All they are doing is changing the form of the liability, not the quantity.
i do not get how a leftward shift of the short run aggregate supply would help closing an inflationary gap. wouldn't that just result in even higher prices?
At 0:28 ua-cam.com/video/bv-uNNkE39I/v-deo.html you have said an inflationary Gap will occur when the Qfe goes left, but in another video you said the opposite info? ua-cam.com/video/a2azB2eag5I/v-deo.htmlm16s
Am I understanding right?
Right, but you are speaking as if you are entertaining. This is an educational video, so consider the proper method of delivery to allow for optimal retention. You are talking way too fast.
Hyperinflation is a symptom of an anomaly in the system. All these 3 proven to be just a band aid. Finding the leakage/the actual cost is more important. Canada real estate hyperinflation caused by loophole in the system. The government need to fix the system to fix the root of the problem then take any of these policies.
3 years at Middlesex completed wasted.
If only we had had UA-cam in 1997.
what is your opinion on Quantitative Easing? How come it did not lead to hyperinflation like what textbooks and some economists say? Federal funds rate are nearly close to zero yet no inflation. Do you think monetary policy is passive and cannot work to move us out of recession?
@Jacob Clifford
Hi Jacob what does mainstream media mean when they use the term hiking rates?
Does that mean the Fed will be increasing or decreasing interest rates?
Hi Sir, could you plz do a video about Overnight loans(rate). how they changes... and so on. thx
Thank you! I've been supplementing my macro studying with your videos and they are extremely helpful! Much appreciated :o)
When trying to close an inflationary gap with increasing taxes, wouldn't it cause an increase in gov spending? Like what can the gov do with the taxed money other than spend it?
this video doesn't age well considering what the FED is currently doing :D
If you increase money supply and decrease interest rates, does that not mean that investors won’t be attracted to the amount of interest in the nation itself and then would sell its national currency to invest in another country? That said bringing the value of the currency down
when i lowkey know im going to miss not understanding fiscal policy when my gcse's are over
The economy is not self correcting overtime. It need to be corrected.
Jesus Christ i thought this was Mark Cubans long lost youtube channel for a second.
Thank you for everything man I passed both macro and micro because of you! I don’t need it anymore but gonna stay subscribed anyway for support
i love your teaching method
+ebn a Adam Thanks
Mark Cuban out here saving the lives of millions of econ and business students
GREAT VIDEO DUDE
All the way from Trinidad am useing your channel an its working like a charm
wouldn't increased interest rate increase investment, as overseas investors are going to receive more money in return?
If they increase the interest rate the borrowing will decrease, and that will decrease the investments the firms are afford to make. If they lower the interest rates it is easier to execute profitable ventures so firms are willing to invest more. And indeed increasing interest rates, will make the nations currency stronger, because money will flow from overseas to take advantage of the better yield for bonds
Change speed to 0.5x to take notes. You're welcome
First i thought that i will never understand economics then i found you
Always end up here before my economics exam Life saver
Awesome Job man! Crystal Clear!
+John Louis Tomines I'm glad it works for you John. Let me know if you want me to cover anything else.
Fiscal policy stinks ,but monetary policy is the best.
Why the heck do books make it so confusing, then????? It's simple with THE RIGHT TEACHER. Thank you! 😃
you are mark cuban
Fred Savage where's Whitney? She's a math whiz too
If the federal government reduces its budget deficit when the economy is close to full employment, which of the following will most likely result? The answer is Interest rates will decrease.BUT WHY??? PLEASE HELP (this is APMarcro 2008 #25)
Brenda Contreras Interest rates will decrease because you have a balanced budget. And when you have a balanced budget, interest rates decrease because you are not expanding (increasing) fiscal policy.
Err sumtin liek dat
anyone like me, cannot understand, when in recession, why AS goes up? if economy is not good, factory will produce less products right? or it is a comparatively speaking ( compare demand supply is a lot more? ) ? Can anyone understand this lol? 😅
When wages go down there’s a decrease in production costs, which is why AS goes up. 🫡