A Steady State May Be Defined as

question 17

Multiple Choice

A steady state may be defined as

• A) an equilibrium between the supply and demand for consumer goods
• B) a point at which the capital stock per worker is stabilized
• C) an economy without short run fluctuations in GDP
• D) a state in which the marginal product of capital is neither increasing nor decreasing
• E) an economy in which monetary policy is conducted by rules rather than discretion

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