The answers to the practice multiple-choice questions are below. Just click on "Read more". 1. D 2. E 3. E 4. B 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
@sianahwidjaja4461
2 жыл бұрын
Yeah, I got all of them correct.
@marcosalazar8882
2 жыл бұрын
Why are those the answer? An explanation would be sweet.
@riddlewrong
Жыл бұрын
You should pin this. I had to scroll down quite a lot to find this comment.
@JacobAClifford
Жыл бұрын
@@riddlewrong Fixed. Thank you!
@_httpantwon
Жыл бұрын
@@devin7551 Why wouldn't it be C? If the government is giving out more money than the supply increases @Jacob Clifford
@chasesimple
2 жыл бұрын
I learned more in these 6 minutes than I did in my 3 hour long macroeconomics class today.
@danishxnyg8580
Жыл бұрын
good job out of you!
@codyzhu9474
8 ай бұрын
santamaria?
@theundefeatedfangirlforlif2416
5 ай бұрын
Same😂
@123GoldenRetrievers
3 жыл бұрын
I do not even have to take more economic courses anymore, but I will never forget how much your videos helped me. I watched them all throughout my senior year of high school to sophomore year of college cause I had to take econ courses those times.
@JacobAClifford
3 жыл бұрын
Thanks Michelle. I'm glad I was able to help and I hope you still love econ :)
@123GoldenRetrievers
3 жыл бұрын
@@JacobAClifford I cannot believe I got a reply from the legendary Jacob Clifford omg 😱🤩. Your videos were the only thing I loved about Econ haha 😆
@randylin1871
Жыл бұрын
Lol it’s Michelle
@randylin1871
Жыл бұрын
Wasn’t sure until I saw the fan in ur page 💀
@123GoldenRetrievers
Жыл бұрын
@@randylin1871 WTF RANDY?! HAHAH HI small world dude
@geotheomusic761
3 жыл бұрын
You are the guy that makes my life easier. Such an iconic person
@zenadelling6442
3 жыл бұрын
I could not get this concept of AD, AS, Short-run, and Long-run at all by reading the textbook. It is definitely not an easy concept to understand. Thank you for making it simple. I am grateful that you care and are a great professor. Please keep making videos.
@Sal-bw3zn
3 жыл бұрын
Notes from this video... *Aggregate means added all together. What is aggregate supply? supply for everything in the entire economy x = real gdp y = price level (inverse relationship) -- upward sloping: a change in... resource prices--the cost or availability of key resources will affect the amount that producers can make in the short-run actions by the government--taxes, subsidies, or regulations can change the incentives of producers and affect the amount they produce productivity--technology or human capital can change the amount of producers can make with the same amount of resources shift left = decrease | shift right = increase ; when price shifts, eventually it will adjust/balance and become long-run aggregate supply (vertical || same concept as production possibilities curve--representing max capacity at full employment) capital stock--the accumulation of physical capital, like factories, tools, and equipment, used to produce goods and services (in economics, “capital” is never money) negative supply shock--an unexpected decrease in the availability of a key resource: this causes a decrease in the short-run aggregate supply. positive supply shock--an unexpected increase in the availability of a key resource: this causes an increase in the short-run aggregate supply.
@52andattitude48
3 жыл бұрын
God your timing is just absolutely insane. This is the third time my class has started a new topic and you uploaded a video about it the very next day I really can’t thank you enough for these videos!
@thewisedragon6029
3 жыл бұрын
Answers to the pop quiz 1-D Specialized training that improves human capital (this is because employees will produce more but the salary remains the same,so more is produced for the same cost,therefore costs for producing more units will go down,increasing Short run AS 2-E The per unit cost of production (If the costs of production per unit will increase,in the short run,the company will produce less while having the same amount of resources,less will be produced so the short run AS curve will shift to the left) 3-E The long run AS curve will shift to the right (the production possibility curve shows what can be produced in the economy,so if it shifts to the right,the amount that can be produced in the economy will increase,so the LRAS curve will shift to the right,as more supply can be produced) 4-B A increase in productivity (when more can be produced with the given resources,there's more efficiency in the usage of those resources in the economy,the LRAS curve will shift to the right)
@shammaalali352
3 жыл бұрын
For number 2 but B is also correct bc they won’t supply that much when they don’t have enough money
@moyoumi1786
2 жыл бұрын
@@shammaalali352 no because it says an increase. if there's an increase in money supply they would be able to produce more. I think you misread the question.
@estepafernandez1534
2 жыл бұрын
1---"..cost for producing more units will be the same..."
@leonardowilhelmdicaprio999
3 жыл бұрын
I missed Mr Clifford's lessons.Bloody hell,it's absolutely good to have you back!
@BH_Restorative_fitness
3 жыл бұрын
I started watching you to get an A on economics. Now I’m watching your videos so I will not forget this awesome information.
@springdayisnottoday371
3 жыл бұрын
Here because of my econ class. My prof loves you 😂 and i love u too thank you for making economics less daunting!
@Nivislmon
2 ай бұрын
Thank you Mr. Clifford for this amazing lesson! I was honestly confused why all the commentators were saying "learned more in a few minutes than some hours in my macro class" but now in university I relate to every single one of em and you did an amazing job explaining these concepts in a clear and concise way.
@Dreygonball
3 жыл бұрын
Me : "I learn nothing from online classes" Also me : *watching your videos and understand everything*
@DanielRTSC
3 жыл бұрын
@@searchfluoridemakesyoustup5883 It will depend on the market. Eventhough the cost is near to zero, the price is determined by demand and supply. Also, it depends on which market we are talking about. Besides, we have to consider the type of good they are producing. there are some problems that makes the government make laws about.
@finnleylondon2755
3 жыл бұрын
i know Im asking the wrong place but does any of you know of a method to log back into an Instagram account? I somehow forgot the account password. I would appreciate any help you can give me
@majid2196
2 жыл бұрын
@@finnleylondon2755 use email to reset
@kaifhassan4150
2 жыл бұрын
Excellent
@slitherr5036
3 жыл бұрын
Correct answers: 1. D 2. E 3. E 4. B
@lifeisnotajokee
2 жыл бұрын
Genius👍👍
@kritikauntia3654
3 жыл бұрын
You're a star, Mr. Clifford. Thank you for these videos!
@nonamedistant3211
Жыл бұрын
this mans a life saver. im a freshman in high school rn and this man has taught me more in 6 mins than my macro teacher had in a week. Thank You!!
@thunderquack6095
3 жыл бұрын
You are literally the greatest don’t ever stop doing these😁
@TemuHomelander
3 жыл бұрын
thanks Clifford for making our lives easier with econ
@kylaprins8646
3 жыл бұрын
Thanks for making online classes so much more productive the world could use for econ lecturers like you!!!!!
@johngarett2980
Жыл бұрын
my favourite youtuber right now i binge watch all your vids!!! I LOVE ACDC ECONOMICS!!!!!!!!!!!!!!!!
@chaseh6144
3 жыл бұрын
My guy thank you so much I don't understand this stuff in class but you make it so much easier to understand. College Professors have to sit explain this stuff for hours but you make it so much easier to understand.
@michaelleslie8310
Жыл бұрын
Came across this unexpectedly, and was so interesting, and charmed by the well-made video and charisma I watched the whole thing. Well done.
@jennifersanjose7943
3 жыл бұрын
After I failed my exam in Macroeconomics, I tried looking for vidoes. His videos is a game changer! I understand Macroeconomics better. How I wish I watched all his video and his review packet before my exam. Now I a have another exam and I feel more confident.
@ashleytaylor9646
2 жыл бұрын
This video way more helpful than my teacher is! So thank you !
@user-pl8xk5if5f
5 ай бұрын
Hi Mr.Clifford, our 1st period AP Macro class did really well! Thank you for your video!!
@user-pl8xk5if5f
5 ай бұрын
Hey bestie, our 5th period class has been loving your videos!
@phillipgunter8375
Жыл бұрын
I'm studying macroeconomics using gregory mankiw's book.... I can honestly say I gained a much better understanding of the aggregate supply curves watching this video than struggling through the very cumbersome explanations of the mankiw guy this entire weekend! If acdc has a book I can buy then I would because the way you explain things s#!ts all over this book I'm reading
@josuecevallos7084
Жыл бұрын
This man has saved me in economics
@littlebee33
3 жыл бұрын
Omg I just learned this today! Thank you so much!! Your videos are super helpful (especially during this time when all my classes are online and even more confusing!!)
@mariapazdla
3 жыл бұрын
you are the reason why i have an A in ap macroeconomics. thanks for making this video!
@Nangesoup
Жыл бұрын
I got 5 out of 5 on the quiz thanks to your expert teaching :)
@VishitaUnfiltered
3 жыл бұрын
I'm from India and I love the way you teach its so easy to understand Thankyou
@rachelchavarin6817
2 жыл бұрын
YOU MADE THIS TOPIC WAY EASIER TO UNDERSTAND !!!!!!
@zainjafrani9885
Жыл бұрын
i never had a larger moment of realization till i watched this video a couple of times
@jadebrouet7027
3 жыл бұрын
probably my fav youtuber
@shiqinchang9670
Жыл бұрын
Honestly, Jacob Clifford is good if you understand the stuff or read the textbooks but if you never did any pre-learning this is confusing AF. Good job, but he doesn't explain stick wages, stagflation etc which are common questions on AP test.
@user-ob4il8xg5b
10 ай бұрын
Our class did great - 7 out of 7! 🙂
@alissahomsuwan9700
3 жыл бұрын
I appreciate acdc videos so much
@kevinrodriguez7035
2 жыл бұрын
Thank God I found this video!
@AyushMita1016
3 жыл бұрын
Most amazing teacher!
@valoranator5399
2 жыл бұрын
I DID SO GOOD ON THE PRACTICE QUESTIONS
@dabossbabie3605
3 жыл бұрын
Mr Clifford is a god in economics And the best Econ teacher Not because he’s good at teaching, but because he hears a magical whiteboard on the side lol
@springdayisnottoday371
3 жыл бұрын
What are the correct answers? My answers were D E E B
@davidzhu84
3 жыл бұрын
same
@renata7335
3 жыл бұрын
same!! I wanna know the answers TT
@boofles.
3 жыл бұрын
facts
@rajazakirah619
3 жыл бұрын
i might asking for stupid question but what is D E E B?
@renata7335
3 жыл бұрын
@@rajazakirah619 the answers we got for the mini quiz at the end of the video
@dolthhaven8564
Жыл бұрын
tak you for teaching me about aggregate supply jaky c
@kaitlynlee7895
2 жыл бұрын
Clifford you slayed the house down love you thanks so much Jonathan if you are reading this go away
@dheerajessarani3900
Жыл бұрын
Appreciate your help. Stay blessed.
@lilawhite4940
3 жыл бұрын
@Jacob Clifford My econ class will soon be over but I intend to continue watching your videos. You've turned me into an Econ-junkie. :)
@codyzhu9474
8 ай бұрын
love it u saved me
@codyzhu9474
8 ай бұрын
real
@Doctor_Rey
2 жыл бұрын
This is really helpful! Thx ~
@prabhnoorsingh1023
3 жыл бұрын
Thanks for clearing all my doubts 🙂 sir
@arbuz135
3 жыл бұрын
thank you for the video, great as always
@oneheadofcabbage
3 жыл бұрын
This was super helpful!!
@josiahwillemse3514
3 жыл бұрын
4 out of 5 of your questions, Mr. Clifford.
@MultiSmash23
3 жыл бұрын
helped me so much for my classes
@DanielMatan
3 жыл бұрын
I love macro economics but hate those oversimplified models which are reduced to a point where they actually barely make you understand anything but how to solve questions about the model . thank you for making university b.a classes simpler to understand but other than that this is not economics
@user-iu2bs9ke3b
3 жыл бұрын
Thank you so much for your video!!!!
@bir1899
2 жыл бұрын
You look like Mark Cuban. Great video!
@milkmanhistory7162
Жыл бұрын
Thanks I'm going to pass my reading Quiz (I didn't read the amsco)
@diaval6855
3 жыл бұрын
Ur right on time sir.Thank you😀
@codyzhu9474
8 ай бұрын
Fanks for the help
@jamilpaden6340
3 жыл бұрын
Where's the answer key?
@dcasucci5424
2 жыл бұрын
Hey Jacod Cliffard, I got a 100 on ur little quiz
@ashwinchand6944
3 жыл бұрын
Any idea on where the answers are I got D E E B unsure about number 3 tho
@pacman4521
3 жыл бұрын
Yep idk about 2 or 3 though
@Sam-cv5gd
3 жыл бұрын
I remember this topic in Micro Econ. Thanks
@mariaanis58
3 жыл бұрын
Ahhh u are again active on your channel.nice to know.all the videos I watched are 5 years old😅
@remixowlz
2 жыл бұрын
I love it!
@carolinasilva1518
Жыл бұрын
Thank youuuu
@angelapaulinemariano7045
3 жыл бұрын
Thank you so much!
@bennetkatzin1627
Жыл бұрын
All correct!
@bdiaz9191
2 жыл бұрын
thank you so much
@ocsy1665
3 жыл бұрын
i can't find the answer key to the pop quiz but mine is: D E E B :-----)))))))
@veemwaniki3239
3 жыл бұрын
Won't an increase in interest rate shift it to the left because producers will borrow less money and produce less?
@jamessimpson895
2 жыл бұрын
Gr8 vid m8
@adityagupta-dn3mg
3 жыл бұрын
God of economics
@georgekouts480
3 жыл бұрын
Deadset. I love you
@brandonedwards2329
2 жыл бұрын
we did alright. the last one was a little tricky
@africatrendingverified106
3 жыл бұрын
Im writing my paper 2 in 4hours . WISH ME LUCK 😁😊
@JacobAClifford
3 жыл бұрын
Good luck!
@africatrendingverified106
3 жыл бұрын
@@JacobAClifford Thank you sir And for your help
@davidnonu
3 жыл бұрын
Could you explain the type of economy of the healthcare system of what a conservative and liberal approach would be?
@empty_dayofthetech
3 жыл бұрын
Which topic addresses more aggregate demand and supply? The increase of prices for used cars or the decrease demand and negative prices for oil? I think is the latter but I would like a second opinion
@rheachalfoun4677
5 ай бұрын
And also change in productivity means change in I which shift AD not AS?
@gorkemoncul6565
3 жыл бұрын
1-d, 2-e, 3-e, 4-b
@marjoriecomahig4210
3 жыл бұрын
Thankk you!!
@rheachalfoun4677
5 ай бұрын
Hello how the AS is shifted by taxes and when we cut taxes we just shift the AD?
@muhammadmasood996
3 жыл бұрын
what are the answers?
@vedparikh
3 жыл бұрын
Did everyone get DEEB
@hiteshchaudhary7964
2 жыл бұрын
AS curve: As P increases, Output increases but Can it also be said like as Output increases, Prices increases? Bcoz, as Output increases, unemployment decreases, which leads to higher wages which leads to higher prices.
@siah4099
3 жыл бұрын
Please do convex and concave curves of PPC
@tirutythegreat
3 жыл бұрын
Hey man, love the vid but where are the answers to the pop-quiz? I found d,e,e,b
@fernandocervantes5157
3 жыл бұрын
Yes
@mateusc5199
3 жыл бұрын
D, E, E, B
@kakaheiwa
Жыл бұрын
I just hate macroeconomics so much, but it's a required course for my degree... The explanations here don't really help me much.... I also watched it because it was required... Well... Whatever, right?
@Imra._R
2 жыл бұрын
pop quiz answers 1. D 2. E 3. E 4. B
@YH-ed8cs
Жыл бұрын
i have an exam next week an i need help!! >< when you say that SRAS moves to the left, do you mean the whole curve (affecting the LRAS) or just the point itself moving to the left (aka downward on the curve)? bc
@iPurrifyy
3 жыл бұрын
You should run for President in 2024
@pretty3773
Жыл бұрын
omg I do it all rightttttt
@tanjidhasanfahim3693
3 жыл бұрын
Hi. Why does the supply not decrease in the long run when nominal wages for workers increase?
@md06783
Жыл бұрын
Sorry I dont quite understand why the SRAS2 shifted to the right in the long run? In the graph, the point on the LRAS indicated lower price level but higher GDP. I dont get it :(
@ClipCommander69
Жыл бұрын
yah me too this guy sucks
@hpiccus
2 жыл бұрын
He did not mention changes in long run aggregate supply.
@vyro.2315
3 жыл бұрын
what are the answers?? i got D E D B
@magrayacademy
3 жыл бұрын
Jacob I really like your content. I make videos on economics in Urdu & Hindi.
@daviddorough2039
3 жыл бұрын
My answers were D, A, E, B
@davidzhu84
3 жыл бұрын
I think the second question was E because an increase in the cost of production would mean it would be more expensive for producers to produce thus decreasing the quantity supplied at each level. This would shift the SRAS curve left.
@kennethwong7839
2 жыл бұрын
Why would SRAS decrease when inflation is expected. Shouldn’t they sell more to benefit from higher prices?
@melialin2889
Жыл бұрын
They will sell the products for a higher price because they don't want to be left behind by inflation
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