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

3 жыл бұрын

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

3 жыл бұрын

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

@devinbaum3131

3 жыл бұрын

Why isn’t the answer to 1 B?

@keithelgar6241

3 жыл бұрын

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

@obliterator1543

3 жыл бұрын

@@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.

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

2 жыл бұрын

Yes! Good Job!!

@raheemalmond4267

2 жыл бұрын

Thanks

@danysued288

Жыл бұрын

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

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

2 жыл бұрын

😂😂😂😂😂

@elvismbewe9608

2 жыл бұрын

True😂😂😂😂

@funchum0008

Жыл бұрын

Same here 🤯😭

@simashiyjys

Жыл бұрын

@@funchum0008 me 2，it‘s so hard

@queenkemaaa

8 ай бұрын

😂😂😂😂 omg

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! 😄

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!

I'm so thankful for how easy and fun you've made Economics ... Thank you Jacob Clifford for being the teacher I always needed.

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

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.

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

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

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

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

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

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

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

3 жыл бұрын

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

@star-ks3bs

3 жыл бұрын

Same here!! 🙋‍♀️

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

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!!!!

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!

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! ☺️

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

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

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.

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!

I just did this topic on Monday.. Thank youu

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

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

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

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

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

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

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..

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

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

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

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

found the best professor ever for econ

Thank you for making it simple and engaging

Truly quality video, thank you so much!

God bless you for posting this man

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

jacob thank you for these great videos man !!

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

Thank you so much fur your work! Really helpful!

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.

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

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

Great video ! Helps out alot

NOW THIS IS A BANGER 🤣🤩

Absolutely thanks a lot for this I am very gratitude

you are amazing teacher :)

Great video. Thank you 👍

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

Great video!

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

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

This was great!

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

great video man

AMAZING teacher

Please never stop

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..

helpful for my test, thanks

thank u for the help, you are nice and good

thank god for this man

Helps .god bless the speed adjustment feature

This is helping me alot in ap econ but if you could organize all your videos into folders like by putting all the videos relating to macro into the macro folder you have that would help me and probably alot of other people a significant amount, thank you!

God bless you (thank you!!)

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

@flabbytoes6893

3 жыл бұрын

spring in my step

that was so helpful thanks

Please teach us the ABC analysis(inventory management)

THANK YOU AND GOD BLESS!

Does output fall if aggregate demand falls in the long run?

do transfer payments consider themselves as subsidies

great video

very helpful!

Thanks a lot. 🙏

Man your awesome!

Mr Clifford, how can I get the review packet?

@shabu2318

3 жыл бұрын

The link is in the description.

nice video!

You are awesome 😎

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

Amazing.

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

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.

Does anyone know if a decrease in production cost will increase aggregate demand? Since the investment expenditure can increase

im learning more here than in my classes lol

professor teach the lesson well, thank yoo.

All hail Keynesian Economics!

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

Thanks!

you are legend.

finally, are reasons or effects?

ur the best

Took me out the pits man❤😢

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

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

you are the best, I love your videos

I found this video amazing and I am so sad that I bought an online course

Thank you

does decrease in interest rates also increase AD because people will tend to save less in banks and spend more on other stuff?

@liannesherry

3 жыл бұрын

yes the decreased interest rate gives a lower return on savings and makes it easier for people to buy less liquid assets like cars and houses. it also means businesses can borrow to expand, then produce more things to sell.