Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary (new version). This unit is about measuring the economy and covers topics like GDP (2:17), unemployment (8:16), inflation/CPI (12:47), the business cycle (19:55).

In this video I explain the most important graph in your macroeconomics class. The aggregate demand and supply model. Make sure that you understand the idea of the long run aggregate supply and how to draw a recessionary gap and...