Aggregate Demand- Macro Topic 3.1

[@JacobAClifford]

The answers to the practice multiple-choice questions are below. Just click on "Read more". 1. A 2. D 3. D Need more practice? Get the Ultimate Review Packet. It's FREE to start. Step 1: Go to:​ www.ultimatereviewpacket.com Step 2: Create a free account Step 3: Enroll in the free version of the Macroeconomics packet

[@mikespinelli299]

Hey mr Clifford I just wanted to thank you for all the work you did helping us prep for the AP test last year. You absolutely saved my score and I even ended up watching one of your vids in the middle of my test to help me. You’re the best.

[@idkwhatthisis6978]

@@mikespinelli299 i love the appreciation but prob shouldn't say that last part online

[@devinbaum3131]

Why isn’t the answer to 1 B?

[@keithelgar6241]

I can understand that for 1, A is the correct answer but why isn't B a plausible choice?

[@obliterator1543]

@@devinbaum3131 First of all, the price of foreign goods wouldn't decrease if the price level increased. It would most likely increase because now instead of natives buying native goods, they would buy foreign goods since they are cheaper, then the price of foreign goods would increase because the demand of foreign goods increased. Second of all, even if the price of foreign goods decreased, that means that there would be more imports. Real GDP would decrease, and aggregate demand would decrease. (C + I + G + (X - M)) I may not be 100% correct.

[@geovy7876]

It's crazy how, even if Jacob is a good man and explains everything with such a positive energy, I can't figure it out 😂.

[@kondwanimwaba2109]

😂😂😂😂😂

[@elvismbewe9608]

True😂😂😂😂

[@funchum0008]

Same here 🤯😭

[@simashiyjys]

@@funchum0008 me 2，it‘s so hard

[@queenkemaaa]

😂😂😂😂 omg

[@BeMyVforever]

AD: 1. AD increase, shift right - Investment 2. AD Decrease, shift left - Expectations 3. AD Increase, shift right - Consumer spending 4. AD Decrease, shift left - Net Export 5. AD Increase, shift right - investment 6. AD Decrease, shift left - Consumer spending

[@Popo-br8xq]

Yes! Good Job!!

[@raheemalmond4267]

Thanks

[@danysued288]

You put `AD Increase, shift right - investment ` on 1 and 5. was that on purpose? i am now studying for my exams. thank you

[@TF2NeoLS]

During my 2nd semester in college, when I took macro, for the first dew days I didn’t have much helpful resources provided by my professor until I, myself, stumbled upon this channel that accurately explains macro topics in a few mins. So I gotta say kudos to you, Jacob! 😄

[@hugowijaya883]

Dang... you released this video just as i'm learning aggregate demand in school this week. Talk about perfect timing! By the way, i'm a university student and i love watching your videos as quick recaps of past topics as a refresher. Awesome work Jacob!

[@52andattitude48]

Same with me! I’m convinced he’s a spy because this is the third time that has happened

[@littlebee33]

Same here!! 🙋‍♀️

[@vanshjain7910]

Thank you Mr.Clifford! You are the hero I didn't think I need, BUT I DEFINITELY NEED to ace my IB econ tests :D

[@anedloh209]

Hey Jacob! Im currently enrolled in an online accelerated macro class with almost zero professor/student interaction and your videos have really been a life saver. More so this week as we're learning AS-AD, Multipliers, Fiscal Policy, Deficits and Debt. Thank you for loving Econ!

[@dianesharp7807]

Your videos have helped me in micro. Macro is kicking my butt right now, so thank you for being here

[@kmmjkmmj206]

All I wanna say is thank god for you, i have the worst teacher ever, and i suffer in this class until I watch your videos . Love you mate

[@filopride619]

You're quite possibly, the best teacher I've ever had. And we've never even met!

[@DrPanda-kf8cu]

thank you for this video, taking a class online right now and hearing it helps way more than just reading

[@AprilGreene-y6o]

Mr. Clifford is still helping me survive these Econ classes! Thank you Sir!

[@SalvadorTarantino22]

You are the best man. Never seen someone so good at teaching.

[@rockerarishe]

Hello Jacob. Hope you're well! Your videos in high school (9 years ago for me) made me fall in love with Econ. Just finish my undergrad in business also used your videos throughout my time at uni haha... thanks so much! ☺️

[@naimasadiq1452]

YOU'RE LITERALLY THE ONLY PERSON I UNDERSTAND ECONOMICS FROM, THANK YOU SO MUCHH

[@EmmaOstrom]

I watch these videos for hours the week of a macro exam, you do Gods work mr Clifford

[@michaelgimenez4032]

This channel needs more subscribers and more views because right now its not reflecting the quality of the content.

[@jeniceclarke5985]

I just did this topic on Monday.. Thank youu

[@user-pt4kp7zb1v]

shoutout to jacob for actually being my macro teacher bc my teacher just gives us all of his stuff instead of actually teaching

[@eshabiju4814]

wow, this video helped me in words I cannot explain... i was sitting and looking at my lecture notes and was completely lost, this video made me understand so much in so little time. thank you so much.

[@butterpecanrican_]

OMG I could cry! I could NOT understand that graph for the life of me! THANK YOU

[@seanrode1849]

Thank you so much for all of your Econ videos! They have helped me so much throughout my Economics units. It's funny because every time you said "It's alright if you've answered the question with this answer instead of that answer, it's okay"... Answer 3 I put Government Spending, changed it to Consumer Spending, then added Goverment spending back in afterwards!

[@vadervandevaders7343]

You help me through a hard time man i love your videos! i've today my economic exam and your videos explained it in a easy way!

[@aumber11]

I really have to thank you for your vidoes! Out of all the videos I tried watching for economics I really couldn't focus on them. Yours have really impacted my learning. Thank you! and rock on AC/DC!!!!

[@phiaowo3999]

After listening to Jerome Powell I needed to understand aggregate demand since is what the FED can affect with monetary policies Thanks for your video you are very clear even for somebody like me, a foreign that I didn’t study economy I was able to understand and answer all the questions right

[@hafzamehreen4256]

found the best professor ever for econ

[@nathanielben-meir5793]

This man is so down to earth. @JacobClifford we appreciate your passion and the effort you put into these videos, thank you so much!

[@blazergaming2184]

this man teaches better then my performer i didn't understand it at all until he taught me.

[@airconditioner17]

jacob clifford i love you you helped me get a 5 on micro and hopefully macro as well!!

[@huaijiutv]

Came to learn about LRAS and struck gold! Really great stuff!

[@callumcoman5130]

Thank you jacob .your videos have helped me alot , im on my way to be an economics guru. We really appreciate your videos here in Zimbabwe..

[@laraangel14]

You are awesome!!! Thank you Mr. Clifford!! You just earned yourself a new subscriber ❤️

[@inquid3347]

NOW THIS IS A BANGER 🤣🤩

[@mississippisoen]

Thanks for the Brian Regan shout-out in the initial PPF curve!! Y'all are both great!

[@yashasvikarri]

Love the analogy of the Rubik’s cube, but you solve the puzzle in three layers, not by the faces. Love it.

[@ferahenayt9618]

Thanks Sur so much. You made my Economics life muuuuch easier

[@ClawedImperial]

Why is there a half empty jug of milk on the shelf?

[@maamriabassem3818]

Trust me pal, you’re the best 👏🏼👏🏼👏🏼👏🏼 and I aced the shifters 😜😜

[@madhumathiperumal1576]

You are the best 😊 Thank you for your videos sir...it has a huge impact on us...I wish I understand Economics atleast half of what you understood 😅 You will be my favourite teacher always

[@worthplayingfor2197]

Can someone explain why, when price level goes up, that people buy less AND save less? he says it at 2:10

[@janemargaretmceachin6398]

God bless you for posting this man

[@elizabethalfieri6765]

Thank you!! I am taking asynchronous classes and have not been in school in over 20 years. This video is super helpful! Thank you again.

[@Lcsnonna]

Is the reason why AD is downwards slopping also the factors that causes shifts along the AD?

[@julianfranco3099]

Truly quality video, thank you so much!

[@lailatarazi3048]

Thank u soooooo much for making it fun and easy to understand 👍🏻👍🏻👍🏻👍🏻

[@AhmedMohamedFarrag]

at 2:05 "When price level goes up people buys less but also save less" I don't understand why they'd save less. If prices are high then they won't consume as much and so they will save more..

[@everpisceswen]

Thank you for making it simple and engaging

[@ChisengXArthur.]

You are really good, all I ask is next video can you solve some economic questions

[@تعلموامايفيدكم]

Absolutely thanks a lot for this I am very gratitude

[@blast2686]

What’s the name of the soundtrack that you’ve used in your intro?

[@flabbytoes6893]

spring in my step

[@ShaggyBoyShow]

Helps .god bless the speed adjustment feature

[@andrewlin212]

jacob thank you for these great videos man !!

[@Boristien405]

The milk jug outside the fridge bothers me so much

[@squirrlykinssquirrel1359]

It's clearly glue being used as a prop

[@giarichards1529]

It’s from a previous video. Kind of an insider

[@giarichards1529]

But be happy that the things that bother you are mindless things like milk jugs being out of the fridge. And might I add, dont cry over spilled milk. :)

[@amanmajhi2193]

you are amazing teacher :)

[@oluwakemiakereyeni.6071]

God bless you for all the great works. I have become a better Economics teacher through your videos and still following to become greater. Thank you so much.

[@niluferislamzade9812]

According to the videos about "demand and supply" there are shifters that make the curve to move, and "change in price " just makes the point move along the same curve. But in this video first he said 3 things that make "quantity demanded" to change. But at the end almost the same things (eg. 1st case exchange rate, 2nd case dollar appreciates. For me they are the same. ) became "shifters". I did not see big difference. I would be happy if someone spend time to clarify this.

[@fernandavasconce]

im learning more here than in my classes lol

[@MrJO3Y87]

Thank you so much for the easy to digest informative video. I also couldn't help but wonder how long that gallon of milk has been sitting there..

[@JourneytoCSA]

Wow... got all of my answers right...

[@blast2686]

Please teach us the ABC analysis(inventory management)

[@littlebee33]

Thank you!! This video really helped!! :)

[@JM-ob5xb]

Great video. Thank you 👍

[@abbieamavi]

God bless you (thank you!!)

[@nikolaisavushkin3531]

Thank you so much fur your work! Really helpful!

[@maearianboter6052]

THANK YOU AND GOD BLESS!

[@rachelwong2107]

Just completed modern states course on this unit and it seems to directly contradict the explanation of the Interest Rate Effect. To quote modern states directly: At a lower price level, households reduce money holdings by lending some out leading to a fall in interest rates. As interest rates fall, firms are encouraged to borrow and invest. They may have made a mistake where households should be banks (?) Either way, Mr Clifford is saying that higher price levels are causing people to spend less AND save less leading to higher interest rates While Modern States is saying lower price levels cause people to save less leading to lower interest rates. Someone help me here

[@MrWhathapens]

Great video ! Helps out alot

[@cx5442]

3:43 The "unexpected boom" in the stock market is still pretty vague - it can be either a positive or negative event.

[@lukasheinzmann8704]

Great video, I just do not fully agree with the shift of the stock market question.

[@yabesira7351]

AHH I just started learning 3.1 tysm!!!!!!!!!!!!!!!!!!!!!!!!!!!

[@Qwiftly]

do transfer payments consider themselves as subsidies

[@junchangcao9300]

hey guy i really don't want to say bad words but this guys is a fucking legend

[@wyattpershing5232]

Please never stop

[@toleen001]

that was so helpful thanks

[@kvanniekerk82]

you are the best, I love your videos

[@jansasha2628]

AMAZING teacher

[@brettmartin22]

helpful for my test, thanks

[@gummiies]

thank u for the help, you are nice and good

[@Wavy0210]

1. Real value of assets 2. Income taxes

[@davidbogossian2583]

thank god for this man

[@jennyq2926]

I was thinking that stock is a financial investment so don't count?😢GDP and AD are two diff concepts?

[@zahra4568]

This was great!

[@emilycanter75]

The "answers" only caused more confusion, is the demand and supply curve a worldwide secret ? Because for weeks I have been looking for a straightforward answer and it's no where.. I only find more riddles to solve. I need "black & White" answers from somewhere. Accounting was not meant for my brain, I must be a masochist :D What shifts the curve to the left and what shifts it to the right. Straight up ?

[@user-le9bq5xr9x]

great video

[@daisy-fb5jc]

Great video!

[@muusemaxamed9207]

professor teach the lesson well, thank yoo.

[@levifriedmann7439]

All hail Keynesian Economics!

[@dawnmarielagamba3165]

very helpful!

[@estepafernandez1534]

finally, are reasons or effects?

[@SuzanneCahill]

You've got to put that milk in the fridge.

[@bosoyekehinde160]

Thanks a lot. 🙏

[@ilyas6062]

I don't quite understand how when the dollar appreciates aggregate demand would fall, because consumption would increase since consumers can purchase more products and services however I do understand that exports will fall. Can someone please explain this to me?

[@JacobAClifford]

If the US dollar appreciates, Americans will buy MORE foreign goods and foreigners will buy LESS American goods. This means US imports will increase and US exports will decrease. This means US GDP and aggregate demand will decrease. Does that help?

[@ilyas6062]

@@JacobAClifford yes, this helps. Thank you!

[@angelicamartinez2448]

Thank you

[@kevv.1912]

Isn't a little inflation good for the economy? Why would a country wanna have aggregate demand to shift left ?

[@KhanyiNyundu]

Took me out the pits man❤😢

[@mimischly2547]

great video man

[@KhanhPhuongPiano]

Thanks!

[@brixflores5121]

I've seen you in CrashCourse

[@gracemichellehonori5163]

Hi! May I ask why people save less when the interest rate is high? Thank you!

[@afzamuazzam1674]

bruh thank you you just saved me T-T