Question
1- During the early part of the COVID-19 pandemic in the United States, say March to September 2020, in which portion of the SRAS curve
1- During the early part of the COVID-19 pandemic in the United States, say March to September 2020, in which portion of the SRAS curve (Keynesian, intermediate, or neoclassical) do you believe the economy was operating? Explain the reasoning for your belief.
2- Now think about the current economic picture in July 2022. Keep in mind, inflation has risen substantially for a period of at least a year. In which portion of the SRAS curve (Keynesian, intermediate, or neoclassical) do you believe the economy is currently operating? And why do you believe that?
Hi please answer these questions as much as you can thanks.
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