Does that apply for the interconnection of the chinese labor with the American Economy too? Cheap chinese labor can definitely not create a direct inflation in the world of the dollar, true? In the department of oil, the petrodollar does its part and in the one for the labor, China finish up the job and the dollar remains in the throne of the Kingdom.
when you plotted the disinflation line (the green line) on the AS/AD curve, you said the UR was 8% but when you put it on the Phillips curve, you put it under 7%. Did you mean to instead plot it on the 8% interval? If so, minor mistake... but just making sure.
ummmm...at 7:26...shouldn't that be an unemployment rate of 8%??? I mean what happened to standards...what is this country coming to?...where's the oversight.....:).....Point C is misplaced, sadly
If I pass my economy exam that'd mostly be with your videos! Thank you Jason
this is fantastic. I have an exam on this tomorrow and it taught me everything I need to know about the SR Phillips Curve. Thanks!!
The best explanation of SRPC! Thanks.
Great video. I give it a 8/10. Which on the Phillips curve is an 7/10. Just playing. Thanks man.
this was a great video
Great presentation! Thanks for explaining this in a way beginners can understand :)
It's a miracle. It's going to be the reason I graduate.
Thank you! Why haven't I discovered the magic of UA-cam education earlier?
ur a blessing~~~~ i did not understand at all until i watched this video~ thanx so much! ^_^
Sir, it was so much helpful for me. Thanks 😊
There is a little mistake in ur=8 but u draw in p.c 7 .
+Alomgir kabir Polash Yes, you are true
Great video on the Phillips Curve
Clear and useful. Thank you very much
Very very helpful. Thankyou. You earned this sub.
thank you now I have understood the relationship between unemployment rate and inflation rate.
Thank you, Nabaasa, I now understand what you learned from this wonder video!
Danke Jason!
jason youre a lifesaver
Thank you so much for such a great explanation!
Finally, a cogent explanation.
Do you have moment to talk about our lord and savoir Ben Bernanke?
Excellent as always thanks keep it up
thank you SO MUCH for posting this!
awesome explanation.
How come in the AD-AS diagram you say there is an equilibrium price level, and then becomes an equilibrium inflation rate all of a sudden?
Thank you for every single tutorial ((:
I dunno how to thank u. Great job.
Does that apply for the interconnection of the chinese labor with the American Economy too? Cheap chinese labor can definitely not create a direct inflation in the world of the dollar, true? In the department of oil, the petrodollar does its part and in the one for the labor, China finish up the job and the dollar remains in the throne of the Kingdom.
I didn't understand, for the AD, you connected the point a,b,c but for AS u didnt connect the point why?
Thank you! amazing video
me too! mine will be next week : )
Thanks God.
Great video
why on earth LRAS,SRAS and AD intersect on one point?pls explain???
Absolutely fantastic explanation. Thank you sir. I'll wire you some money if I ever become rich from studying economics and finance :)
have you become rich?
i understand that but why if in the question only the PL and gdp is given How do you find the inflation rate.
Carefully
when you plotted the disinflation line (the green line) on the AS/AD curve, you said the UR was 8% but when you put it on the Phillips curve, you put it under 7%. Did you mean to instead plot it on the 8% interval? If so, minor mistake... but just making sure.
Sorry for the late response! Yes, it was a mistake
thnks 4 every thing
thanks a lot.
So as we are experiencing right now High Inflation leads to Low Unemployment....
Yes, it's a mistake. Good spot!
Is that at 07:18 a mistake? Why did you write an unemployment rate of 8% on the left, but draw the line at 7% on the right? Am I missing something?
gr8 xplanashun
A.W. Phillips invented this concept in 1949 not in the 18th century! ;)
+Till Hoelzer True
+Till Hoelzer umm, that is the 18th century exactly! like rn i.e. in 2016, we are in the 21st century.
try again
You failed this exam, didn't you?
You are not suppose to show cost push inflation in keynisian model
+Jared Farley Yes, we must all Ctrl+P(rey) to almighty Bernanke, lord of the printer.
+1
ummmm...at 7:26...shouldn't that be an unemployment rate of 8%??? I mean what happened to standards...what is this country coming to?...where's the oversight.....:).....Point C is misplaced, sadly
I hate econ