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.
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.
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!!
Great video. I give it a 8/10. Which on the Phillips curve is an 7/10. Just playing. Thanks man.
The best explanation of SRPC! Thanks.
Great presentation! Thanks for explaining this in a way beginners can understand :)
ur a blessing~~~~ i did not understand at all until i watched this video~ thanx so much! ^_^
this was a great video
Great video on the Phillips Curve
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
It's a miracle. It's going to be the reason I graduate.
Thank you! Why haven't I discovered the magic of RUclips education earlier?
Excellent as always thanks keep it up
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!
jason youre a lifesaver
Very very helpful. Thankyou. You earned this sub.
Clear and useful. Thank you very much
I didn't understand, for the AD, you connected the point a,b,c but for AS u didnt connect the point why?
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
Thank you so much for such a great explanation!
thank you SO MUCH for posting this!
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?
awesome explanation.
Finally, a cogent explanation.
Danke Jason!
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?
Thank you for every single tutorial ((:
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.
Thank you! amazing video
i understand that but why if in the question only the PL and gdp is given How do you find the inflation rate.
Carefully
Do you have moment to talk about our lord and savoir Ben Bernanke?
why on earth LRAS,SRAS and AD intersect on one point?pls explain???
Great video
I dunno how to thank u. Great job.
me too! mine will be next week : )
Thanks God.
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?
thanks a lot.
thnks 4 every thing
So as we are experiencing right now High Inflation leads to Low Unemployment....
gr8 xplanashun
You are not suppose to show cost push inflation in keynisian model
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
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?
Yes, it's a mistake. Good spot!
+1
+Jared Farley Yes, we must all Ctrl+P(rey) to almighty Bernanke, lord of the printer.
I hate econ