Which of the following is not an important determinant of the steady state?
A) initial income
B) health
C) education
D) money supply
E) openness to foreign trade

Question

Quizplus · Accepted Answer

The money supply is not an important determinant of the steady state. The steady state is determined by factors such as savings rate, population growth rate, and technology. While the money supply can affect economic variables such as inflation, it is not a key determinant of the steady state.

Which of the Following Is Not an Important Determinant of the Steady