Suppose the Economy Is Operating at the Steady State

question 45

Multiple Choice

Suppose the economy is operating at the steady state. Which of the following is true given this information?

• A) Steady state saving is more than total consumption.
• B) Steady state saving is just sufficient to cover depreciation.
• C) Steady state saving exceeds depreciation each year by a constant amount.
• D) Steady state saving equals consumption.
• E) Steady state saving is less than total consumption.

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Definitions:

Marian Breland

A pioneering psychologist known for her work in the field of animal behavior and the development of applied behavior analysis.

Keller Breland

A psychologist known for applying principles of behaviorism to train animals, pioneering the field of applied animal psychology.

Animal Trainers

Professionals who use a variety of techniques to teach animals specific responses to specific conditions or stimuli.

Negative Reinforcement

A reinforcement procedure in which a response is followed by the removal, delay, or decrease in intensity of an unpleasant stimulus; as a result, the response becomes stronger or more likely to occur.