Long Run Phillips Curve

[@dbrk917]

By far the best online tutorialist on youtube, hoping you finish all of the macro videos soon! My entire class follows you!

[@James0741]

Are you still alive in 2022?

[@LearEdu]

lool@@James0741

[@shubhmusick3131]

this is pure gold. All other youtubers also try their best but this guy actually teaches with so much enthusiasm. I wish you were my teacher man !!

[@jameshattam2]

These videos are so helpful. I wish you were my teacher!

[@nodoublestandards5956]

I wish he was my lover!

[@niranx_yt7084]

Wtf​@@nodoublestandards5956

[@nethmeedantanarayana4811]

I love you! I couldn't understand anything at first while referring the slides we were given by our lecturer, but now it's all crystal clear! THANK YOU SO MUCH!! You are my saviour!!!!!!

[@benjaminchukwujama5259]

back watching you a year after my Alevels you helped me a lot and youre still helping much love my bro more bread to you

[@KiKyO1987]

doing my MBA and struggling with some concepts as explained in the text book -- these tutorials are worth gold! Many thanks!

[@wallopwallop9125]

KiKyO1987 MBA? This is A level isn’t it

[@Sumit-dn6ls]

MBAs include people from all educational backgrounds. So it will cover courses like Macroeconomics right from the basics. It is not like a Masters in Economics.

[@BansiMalde-lb8pj]

econplusDal YOU ARE INCREDIBLE!

[@mahipatel291]

This man is literally saving my Economics A Level. This saves so much time for me as I don't need to frantically look through my waffly textbooks.

[@sha256f]

Thank you SO MUCH! I couldn't understand my textbook at all. Using Classical LRAS alongside makes it so much easier! Thanks!

[@siyingli1197]

Want to say thank you!!! I met some difficulties in econ this semester, but your videos make things better!!! Thanks!!!!!

[@ashapp8842]

Your explanation is crystal clear. Hats off. Thank you bro

[@lyndoncollins6601]

Thank you for making this look soooooo extremely simple and enjoyable. Marvelous!!!

[@westernmedia3101]

Very appreciate for these videos they help me a lot while my teacher does not!

[@rohandhami8500]

Thank you Mr Dal for this very informative and helpful video.

[@ny4eGJIa33333]

An excellent discribtion of the issue, thanks a lot!

[@1RAGEACE]

eggcelent spelings

[@darkmagicxian7954]

Thank you so much.. These videos help me a lot to prepare for my A levels

[@adityaaumeer1897]

Best online teacher i swear❤

[@indymnukwa3383]

you are the best...finally i got to understand this curve and i mean i mastered it

[@dagpepeonik4628]

you sir are a KING

[@JamesQuinn-1]

In dal we trust

[@cocolycoris6191]

Thanks for your video! Clearly and Very helpful!

[@dishaghildiyal3]

precise and short explanation... love your videos .... lots of love from India..😊😊😊😊😊

[@ric6383]

Many thanks.

[@Kuldeep-zw6jb]

Thank u...from Assam, india

[@sophie-le7ye]

Thank you for this it really helped me ❤️❤️ love you

[@ankith4320]

excellent....absolutely excellent

[@Mrfuzzzzhead]

ur my hero

[@economyworldwars2521]

U cleared the confusion .thanks

[@elinachauhan4878]

Thank you so much 😊 I really appreciate your efforts and how you explained it and made it easier for us to understand it clearly👏🏻hope to see your more vedios 🤓🤓👌🏻👌🏻

[@farazhasan9897]

I didn't understand how the LRPC can be shifted to less than NRU by Supply side policies in the Classical model.

[@raganjain4837]

For the LR Phillips, I am confused about how after expansionary policies are put in place and there is a movement up the SR Phillips curve, why it returns back to the NAIRU. In some textbooks and websites, I have seen that after the movement along the SR phillips curve, the price level increases even more but on others, there is a flat line that goes back to the NAIRU (LR Phillips Curve). Please, could you clarify this?

[@swarmsnipingnuke2751]

Fuck PajHolden, Econ-Dal, YOU ARE MY GUY.

[@mlgwatermelon2951]

Would drawing these two diagrams alongside each other in an exam be a good idea? For example if a question asks the trade off between inflation and unemployment

[@MrMunkyy]

How can you use this diagram to argue for supply side policies instead of demand side policies to improve unemployment if you already start at full employment ??

[@nikhilgoswami5510]

Very nice explanation

[@samyakjain8147]

Clear of vikkstar in my books

[@danielpryor9599]

Ashlyns A2 economics crew loving on this channel:)

[@isacoffers2]

Why does shifting the LRPC to the left or the LRAS to de right reduce the inflation rate? Where can we see it in the diagram?

[@ed3799]

I could send you a picture of the diagram if you post an e-mail?

[@dd-oe7mp]

could u please explain it?

[@economicswithsajid]

Nice work 👍

[@pedromrfernandes]

nice video. thank you

[@athlet213]

great work

[@diddydeeable]

you're so great!!!!

[@veepul97]

Hey Dal, which questions can use these diagrams? In the IB board?

[@zarrarkhan4255]

legend

[@adityaaumeer1897]

❤thanks a lot

[@leeroy3573]

Could someone explain the difference between classical economists and monetarists?

[@evdoku2481]

John Smith Classical economists overall believe the economy should be left alone by government, monetarists generally have these views except for with regards to the money supply. They believe that it should not grow faster than the rate of output in the economy, and so restrictions should be put on the amount banks can loan out and people can borrow to prevent the money supply growing too rapidly, risking inflation. This is a pretty interventionist market strategy, although usually they are free market in their other beliefs.

[@mubeenashahid3582]

@@evdoku2481 legend ty

[@djkillajamz5583]

man its same curve long and short you guys make it big story god damnt a dont like that.

[@BlacklightSummerOfficial]

How can sras shift left during high employment, I thought unemployment shifted supply of labour left and raised wage rate.

[@m_zero3009]

During high employment, there's high inflation so workers will demand higher wages in order to adjust to this change. SRAS then shifts left as higher wages means higher costs of production.

[@ScarletXxXRose]

In the exam, if it talks about the trade off between unemployment and inflation, which graph would you draw??

[@hh-xu6ef]

You will draw the short run philips curve instead of the long run, this is because in the SRPC, it shows that theres a trade off between inflation and u/m. As u/m decreases which means the income earned will be higher, in another words, higher consumption which pushes the demand curve to the right, causing inflation. This shows that low inflation and low u/m is very hard to be maintained at the same time. However, in the LRPC, theres no trade off between inflation and u/m because they will both worsening at the same time. An increase in AD will only lead to an increase in inflation and u/m remaining at the same rate because of workers demanding for a higher wage.

[@Mariam-jq9no]

i love you

[@MCart1215]

But isn't this only useful for an economy operating on the LRAS curve which isn't always the case? What if they're not using all resources and the equilibrium is less output than LRAS?

[@MCart1215]

In the long run, on average we operate at the productive potential of the economy. Output gaps are only short run

[@sammykenny2195]

goat

[@boitranao4600]

I'm still confused :(

[@charliewebb20]

Salvador (Dal)i. The saviour.

[@haz-f5b]

didnt know vikkstar studied economics

[@eugenepashch5213]

Too bad everything is Keynesian these days...