he probably is working with the simpsons hahaha

Not the first time he’s done this brow

my exact thought

bruh I was just about to comment that XD

I was just about to check because I knew someone would've mention it aha

I prefer, In the long run we are all bread

Looking at it now, u were right my man (CORONA)

BAHAHAHA

Nig(g)ar

No revise until your hair falls out and then it’ll be worth it when you work a 60k salary monotonous boring office job after 24 hard years of studying yhyhyhyhyh

goat

That's the universe looking out for man :)

no way this is university level, im 16 and im studying this at high school

@@GgGg-tz1tl I WAS ABOUT TO SAY CUZ SAME

@@GgGg-tz1tl Yeah right? This is a crazy comment. This stuff is Y1/ prerequisite Uni level because beyond that it's mostly mathematical modelling/

3rd year?? Wow. I am currently completing my phD in Economics and social policy and we have only just started learning this. Your class must be very smart!

this is gcse and alevel level, phd??? @@_trm_4339

HMMMMM

⊙﹏⊙

Looked in the comments as soon as he said it🤣

BRILLIANT IDEA ;)

Bit sus

Hey , aggregate supply is the total amt. Of goods and services that are produced and supplied in an economy . Or Aggregate supply is the total amount that all the entrepreneurs in an economy taken together must receive at given level of employment. So these both are correct and same or they are different Please clear my doubt... It looks like you have understood

@@Chadgaming_911 I'm always eager to help young economists like yourself. The answer is the first one. Keep edging.

Have u found the answer to ur question? As I also thought the same.

Not all costs are fixed in the short run. There are variable costs eg cost of production which changes accoring to output level.

its more to do with the fact that the shape of the SRAS curve is based on fixed factors of production but when they change, it causes a shift in sras

They’re supposedly fixed, but if you think about it, we’ve seen it happen live throughout the pandemic, people have had to take pay cuts etc or have been made redundant, this would be to cut costs as the wages aren’t as affordable without business performance, someone can correct me if I’m wrong, but the logic is there, I think it’s more of an assumption that wages are fixed, you’ve gotta remember there are so many assumptions in economics, Such as the assumption that consumers are thinking rationally and wish to maximise their private benefit, yet you have to ask yourself, do all consumers actually act rationally? Fuck no lol

Great video. U r a genius

General Price Level is the measurement of overall prices, so is reliant on inflation to increase or decrease, inflation means rising prices means rising price level

for a level get the cgp alevel economics book

Where Imports Dear, Exports Cheap.

weak pounds imports dearer, exports cheaper

@@kavinaa9398 thanks but i graduated 4 years ago

@@marathesayu well done i got my exam tommoz

@@kavinaa9398 Good luck you x

Aadithya Ganeshram yeah you just shift the AS to the left

Wouldn't it be a shift up?

brah there is no such thing as shift up. its either to the left or the right

not necessarily, if you shift left or right on a keynesian as curve that implies a change in the productive capacity of the economy, but a short run change such as a change in oil prices wouldn't shift lras. Actually I don't know for sure, I just had some faint memory from y11.

theres no such thing as short run on keynes as curve... its purely long run

Strong Pound Imports Cheap Exports Dear (expensive) and Weak [pound] Imports Dear (expensive) Exports Cheap.

@@jamesedwards3301 huh?

Josh Paulson 2020

@@will5723 2021

2022

2022 😂

Watching in 2023

RUDE!!!!!!!!!!!!!!!!!!!!!!!!!!!!