Macro: Unit 1.1 -- The Business Cycle

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Who's about to take a test??

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How bout an exam? Lmao 🤣hope you did well 3 years ago

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Explained so well and so logically. Thank you, I WILL love economics.

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Thank you for this video! I'm experiencing a major disconnect with my brain not grasping what the heck Macroeconomics is all about and this definitely helped me understand it a bit better. Now off to write a 4 page paper!!!

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Thanks teacher 6 mins of your video is way more useful than few lessons

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This video was extremely helpful. I couldn't wrap my head around this in my textbook, but this video made it super easy!

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These videos are so awesome and well organized! Thanks!

[@hajiimpressions8113]

I am studying for my Series 65, and saw yield curves for the first time. Your explanation will really help for me to understand, just as your explanation of the business cycle.

[@YouWillLoveEconomics]

Awesome! I’m glad you found it helpful. Thanks for the feedback and the support! I hope you did well.

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I love your teaching. It makes me understand the business cycle very good.

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[@YouWillLoveEconomics]

Awesome! Glad it was helpful. Thanks for the feedback!

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[@nthperson]

It is important to acknowledge that what neoclassical economists accept as "optimal performance" is not a measure of societal well-being. GDP is simply the addition of all spending regardless of what the spending is for. Thus, spending that causes pollution increases GDP. Then, the spending for remediation of pollution adds to GDP. Logic would require that such spending simply diverts the factors of production (land, labor and capital goods) from productive economic use.

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3:06 or covid-19

[@rigorivera8448]

Being of age and how to manage the sequence of returns in those early periods is what seems quite scary in the current market. The market is never a loser in a twenty year cycle, but the 2000s decade scenario scares me and could really disrupt my retirement. When you are no longer accumulating but withdrawing its hard to be anything but cautious.

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??

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I'm understanding economics now ...all thanks to you 😊😇 ... Could you please upload a lecture on National Income Accounting ... 😇

[@YouWillLoveEconomics]

Awesome! Glad it was helpful. Thanks for the feedback! Be on the lookout in the future for a video on that topic.

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Of course I will

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Actually this is important than advanced economy

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Tks so much mr. Willis.

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[@acb108]

Using these questions in my econ class to go along with this video... QUESTIONS ON THE BUSINESS CYCLE: 1. What does the Business Cycle show, what does it tell us? 2. What are the 4 phases of the Business Cycle? 3. Describe “static effects”. 4. Describe and give an example of a “shock” to the Business Cycle. 5. At the peak of the Business Cycle what is the problem in the economy? a. Inflation b. unemployment 6. At the trough of the Business Cycle, what is the problem in the economy? a. Inflation b. Unemployment 7. Define “recession”. 8. Define an economic “depression”

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Please tell me answer number one

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Illustrative & explanation was Aweeeesome!!!!!

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Thanks so much! I appreciate the support!

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PUC business lifecycle

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thanks for making this, i needed to understand this in order to understand schumpeter's theory

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Fantastic! I’m glad you found it helpful. Thanks for the support!

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[@YouWillLoveEconomics]

You’re welcome, and thanks for the support!

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Thank you for your great video!

[@venkatachalapathibaskar5927]

Great video. Thank you for explaining the topic of business cycle in a simple and systematic way. Please make videos on the great depression and recession.. Thank you, again.

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Really impressive and helpful

[@YouWillLoveEconomics]

Thanks!

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Do u have this in pdf format? The explanation was great and very easily understandable but it would be great if I had it in the form of notes also to study from for the test.If not then I suggest u to make written notes :) awesome video tho!

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[@johnmanandhar2626]

Cool video man. Would have loved if ud explained a lil bit more about the relationship between expansion and inflation and unemployment and contraction with exs

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nice i understood what is a business cycle thankyou

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[@YouWillLoveEconomics]

Awesome! I’m glad you found it helpful. Thanks for the feedback and the support!

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[@YouWillLoveEconomics]

Awesome! It’s fantastic to hear that you’re enjoying Econ. Glad it was helpful. Thanks for the feedback!

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[@YouWillLoveEconomics]

Awesome! I’m glad you found it helpful. Thanks for the feedback and the support! I may get to that topic at some point. Turn on notifications to stay updated.

[@faithntema]

Great video indeed but still a bit confused about the unemployment and the inflation part on the graph, since inflation is caused by the excess demand than supply does the graph also express inflation in that manner, well what I mean is that the part shaded( inflation) does it mean that businesses are low on supply or?

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Do you think developing countries will recover their economies amid the pandemic And which phase in the business cycle do you think developing countries like South Africa are experiencing now???

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You’re very welcome!

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