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Macroeconomics Practice Exam #1 Answers
The Ultimate Review Packet has 2 Macro exams and 2 Micro Exmas. In this video I go over the answers to all 60 of the multiple choice questions on the first practice AP MACRO exam.
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Macro 3.4- The Phillips Curve (Short and Long Run)AP Economics
Mr. Clifford's explanation of the short run and long run Phillips curves. In the short run, there is a negative relationship between inflation and unemployment. In the long run, there is no trade-off between inflation and unemployment....
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Review Activity- What's Wrong with this Picture?
This activity is designed to help you master the key graphs of macroeconomics or microeconomics. If you can spot what’s wrong with each graph you will be less likely to make those mistakes. The handout for the activity is free and is...
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Macro 3.1 AD, AS, and LRAS (Additional Version)
This is an old video where I explain aggregate demand, aggregate supply, and long run aggregate supply. Keep in mind that the "long run" is not a specific amount of time. The long run refers to enough time for resource prices (like...
ACDC Leadership
Macro Unit 2- Practice Questions #1
This is videos has 11 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics. Do your best and feel free to click on the "learn more" link...
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Understanding Aggregate Demand and Its Expenditure Components
The video explains the concept of aggregate demand and its four expenditure components that make up the total expenditure for an economy's goods and services over time - consumption, investment, government spending, and net exports. The...
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Macro 2012 FRQ #1: PPC, OMO, Money Market, and Balance of Payments
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your macroeconomics course.
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Deriving the Aggregate Demand Curve for Any Economy
This video is a lecture presentation that explains how to derive the AD (aggregate demand) curve for any economy. The presenter discusses the four main components of aggregate demand for any economy, namely consumption, investment,...
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Macro Unit 2- Practice Questions #2
This is videos has 7 practice multiple choice questions for Macroeconomics Unit 2: Measuring the Economy. The questions are designed for AP and college introductory economics.
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Sustainable Growth
In this video, the speaker provides a lesson on sustainability and focuses on the importance of achieving sustainable growth through shifts in the long run aggregate supply curve. He discusses two situations: a simple outward long run...
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Aggregate Demand and Aggregate Supply Analysis: Exploring the Keynesian AS Curve
This is a lecture on aggregate demand and aggregate supply analysis, focusing on the Keynesian AS curve. The speaker provides examples of different impacts on the economy depending on which part of the AS curve is relevant at any given...
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Understanding Deflation and Its Consequences
This video provides an explanation of what deflation is and the consequences that come with it, which includes a reduction in real output, consumption, and investment. The speaker uses Japan as an example of an economy that has suffered...
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Introduction to AD-AS Diagrams and Analysis
This video is an introduction to AD/AS diagrams in macroeconomics. The video covers three separate curves in these diagrams, including the aggregate demand curve, the short-run aggregate supply curve, and the long-run aggregate supply...
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Understanding Inflation: Types and Consequences
This video explains the concept and types of inflation. The video then discusses two main classifications of inflation, namely demand pull inflation and cost push inflation. It provides examples of what causes each type of inflation and...
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Long Run Aggregate Supply Curve and Factors Affecting it
In this video, the speaker discusses the long run aggregate supply curve and its differences from the short run curve. He also explains the concept of full employment and how it is related to the capacity of the economy, and how changes...
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Macro Unit 3- Practice Questions #1
Some practice question videos are reserved for students that support ACDC Econ and purchase Ultimate Review Packet. The complete version of this video (and a bunch other hidden videos) comes with the packet. By the way, YouTube ad...
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Understanding Market Equilibrium
This video provides a recap on how markets operate and work. It explains the concept of demand and supply, and how the interaction of these two elements determines the equilibrium price and quantity of a product or service. The video...
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Aggregate Demand- Macro Topic 3.1 (Old Version)
In this video. I explain the most important graph in most introductory macroeconomics courses- the aggregate demand model. In this video I cover aggregate demand (AD), aggregate supply (AS), and the long run aggregate supply (LRAS). Make...
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Understanding Aggregate Demand Curve Shifts
This video is a lecture on the factors that instigate shifts in the aggregate demand curve of an economy. The presenter explains the components of aggregate demand and how changes in consumption, investment, government spending, and net...
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Understanding Aggregate Demand and Short-Run Aggregate Supply Shifts
This video explains the concepts of inward and outward shifts in aggregate demand and short run aggregate supply and how they affect the economy. The speaker talks about how these shifts can lead to changes in price level and real output...
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Understanding Short Run Aggregate Supply (SRA) Curve: Shape and Shifts
In this video, the speaker explains the concept of short run aggregate supply curve (SRS curve), which represents the aggregate supply of all goods and services produced within an economy over the short run.
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Macro Unit 3, Question 4: Price Level and Output
*Clarification* When I wrote of the board, I didn't clarify which country's imports decreased. IMPORTS fell for the major trading partner, so EXPORTS fell for the country we are analyzing. Aggregate demand falls.
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Representing Macroeconomic Equilibrium with AD/AS Diagrams
The video explains how to represent both short-run and long-run macroeconomic equilibrium in an AD/AS (Aggregate Demand/Aggregate Supply) diagram. It covers key terminology and concepts associated with the different curves involved in...
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Macroeconomic Objectives: Managing an Economy for Sustainable Development
This video is a lecture discussing the macroeconomic objectives that a country may hold. The lecturer breaks down the five main macroeconomic objectives, which include economic growth, stable inflation, low unemployment, balanced trade,...