Inflation explained
Inflation and unemployment rate. Edit 18.4.2008: Okay, yeah, I know this video is missing the real point of inflation. I created this when I first started to study economics, and indeed it does not explain how expanding monetary base accelerates inflation. Also it does not say anything about cost-pull inflation. So this video just provides the extremely simplistic short-run explanation for certain type of inflation...nothing more, nothing less. If u already know the basics of economics then sure...u'll be just wasting ur time watching this. I will be doing new vid some day...