In the Short-Run Model, the Steady State Is Characterized By $\pi _ { t } = \pi _ { t - 1 }$

question 42

Multiple Choice

In the short-run model, the steady state is characterized by:

• A) \(\pi _ { t } = \pi _ { t - 1 }\)
• B) \(\pi _ { t } = \bar { \pi }\)
• C) \(\bar { a } = \bar { a } = 0\)
• D) All of these answers are correct.
• E) None of these answers are correct.

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