A Balanced Growth Path Is Defined as a Situation in Which

question 38

Multiple Choice

A balanced growth path is defined as a situation in which:

• A)the output growth rate is constant.
• B)the growth rates of all endogenous variables are variable.
• C)the growth rates of some of the endogenous variables are constant.
• D)the growth rates of all endogenous variables are constant.
• E)All of the above are correct.

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