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On its fair right, the SRAS curve is vertical because the main reason is that the economy is doing great and operating at its full
On its fair right, the SRAS curve is vertical because the main reason is that the economy is doing great and operating at its full capacity. It does not matter what the price levels are because companies are not able to produce more, the reason is that they (workers and companies) already working with their full capability
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Microeconomics
Authors: Dean Karlan, Jonathan Morduch
1st edition
978-0077332587, 007733258X, 978-0077332648, 77332644, 978-1259163531
