Jacob Clifford
Unemployment and Natural Rate of Unemployment
What is the difference between frictional, structural, and cyclical unemployment? Check out this quick bit of instruction which reviews these concepts, as well as compares and contrasts the benefits of each type and what exactly amounts...
Jacob Clifford
Economic Growth
With an increase in investment, what happens to aggregate demand, aggregate supply, and eventually, long-run aggregate supply? Here you'll find a great explanation of how greater long-run aggregate supply correlates to a wide...
Jacob Clifford
Aggregate Demand and Supply and LRAS
Learn about the "most important graph in all of macroeconomics: aggregate demand and aggregate supply". Here, an economics instructor explains how wages, resource prices, and supply are all affected within shifting aggregate curves.
Jacob Clifford
Business Cycle Unit Summary
Experience the ebb and flow of the economy with a video reviewing the fundamental concepts of the business cycle. Here you'll find an explanation of how unemployment, GDP growth, and inflation are all present in a basic graph of the...