ai
courseware
Course Catalog
Toggle theme
Sign In
Loading your course...
Unit 1
Basics of Economics
Introduction to Economics
Scarcity and Choice
Supply and Demand
Market Equilibrium
Consumer and Producer Surplus
Market Failures
Government Intervention in Markets
Microeconomics vs. Macroeconomics
GDP and Economic Growth
International Trade
Inflation and Unemployment
Globalization and its impacts
Elasticity of Demand and Supply
Introduction to Macroeconomics
Monetary Policy
Fiscal Policy
Unit 2
Basics of Economics
Introduction to Economics
Scarcity and Choice
Supply and Demand
Elasticity of Demand and Supply
Consumer and Producer Surplus
Introduction to Macroeconomics
GDP and Economic Growth
Fiscal Policy
Monetary Policy
Globalization and its impacts
Market Failures
Microeconomics vs. Macroeconomics
Government Intervention in Markets
International Trade
Market Equilibrium
Inflation and Unemployment
Unit 3
Basics of Economics
Introduction to Economics
Scarcity and Choice
Supply and Demand
Elasticity of Demand and Supply
Microeconomics vs. Macroeconomics
GDP and Economic Growth
Fiscal Policy
International Trade
Globalization and its impacts
Government Intervention in Markets
Market Failures
Inflation and Unemployment
Market Equilibrium
Consumer and Producer Surplus
Introduction to Macroeconomics
Monetary Policy
Unit 4
Basics of Economics
Introduction to Economics
Supply and Demand
Market Equilibrium
Elasticity of Demand and Supply
Microeconomics vs. Macroeconomics
Introduction to Macroeconomics
Inflation and Unemployment
International Trade
Globalization and its impacts
Scarcity and Choice
Fiscal Policy
GDP and Economic Growth
Market Failures
Government Intervention in Markets
Consumer and Producer Surplus
Monetary Policy
Unit 5
Basics of Economics
Supply and Demand
Market Equilibrium
Consumer and Producer Surplus
Market Failures
Government Intervention in Markets
Microeconomics vs. Macroeconomics
Introduction to Macroeconomics
GDP and Economic Growth
Fiscal Policy
Monetary Policy
International Trade
Globalization and its impacts
Scarcity and Choice
Inflation and Unemployment
Introduction to Economics
Elasticity of Demand and Supply
Unit 3 • Chapter 12
Inflation and Unemployment
Key Insights
Please provide the YouTube transcript you wish me to summarize.
Concept Check
Can a simultaneous decrease in inflation and unemployment occur?
Possible with specific policies.
Frequently happens.
Always possible, easily.
Rarely; usually inversely related.
What's the Phillips Curve's implication for policy?
Trade-off between inflation and unemployment.
Independent variables.
Always low inflation, low unemployment.
No trade-off exists.
How does stagflation challenge standard economic models?
Easily controlled with policy.
Simultaneous high inflation, high unemployment.
Supports existing models.
Predictable economic outcome.
Does reducing money supply always curb inflation?
It can increase unemployment.
Always reduces inflation.
Always beneficial.
Has no effect.
Verify Answers
Previous
Market Failures
Next
Market Equilibrium