Macro: Unit 2.7 -- Natural Economic Adjustments

Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: Describe how flexible wages allow the market to correct itself and return to long-run equilibrium from an inflationary gap Describe how flexible wages allow the market to correct itself and return to long-run equilibrium from a recessionary gap Discuss how under-production or over-production impacts the demand for labor and changes in labor demand influence the flexible wages that will drive natural economic adjustments Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video: https://www.teacherspayteachers.com/P... Follow our store on Teachers Pay Teachers https://www.teacherspayteachers.com/S... Look for us on Social Media: Instagram --   / youwillloveh.  . Facebook --   / youwilllovehi.  . Subscribe to our YouTube Channel:    / youwillloveeconomics   Check out our website for teaching tips and insight from us: https://sites.google.com/view/you-wil...