As of January 1, 2020 (before the rapid spread of the
Coronavirus) was the United States economy operating in the
Keynesian, intermediate, or neoclassical portion of the economy’s
Short Run Aggregate Supply Curve? Explain your
answer carefully using data and information that you have gathered
regarding real GDP, unemployment, the GDP deflator, and inflation.
You should discuss the concepts of potential GDP
and the natural rate of unemployment to receive
full credit.