A steady state is

Question

A steady state is

Quizplus · Accepted Answer

A steady state refers to a long-run equilibrium where the economy is neither growing nor shrinking. In this state, the key economic variables such as output, employment, and inflation remain stable. This equilibrium is sustained by the forces of supply and demand, with no external shocks or interventions. Therefore, option C is the best choice as it accurately describes a steady state. Options A, B, and D are incorrect as they do not accurately describe a steady state.

A Steady State Is