The steady state is a situation in which
A) total supply equals total demand.
B) potential GDP is equal to actual GDP.
C) full-employment level of GDP is produced.
D) output per worker,consumption per worker,and capital-labour ratio are constant.
Correct Answer:
Verified
Q72: If there is international trade and finance,output
Q73: Government policy can improve the long-run economic
Q74: Which of the following statement is NOT
Q75: You support an industrial policy for Canada.Which
Q76: The government-backed Canadian Pension Plan (CPP)
A)increases national
Q78: The primary cause of the rapid economic
Q79: In the neoclassical theory of growth,an increase
Q80: The growth-environmental quality relationship can be explained
Q81: What are the industrial policy and market
Q82: In the past ten years,Patagonia's total output
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents