Once an economy reaches its steady state,it will continue to grow indefinitely.

Question

Quizplus · Accepted Answer

While a steady state implies a stable level of output and consumption, it does not necessarily mean that the economy will continue to grow indefinitely. In fact, some models suggest that economies may encounter limits to growth, such as resource constraints or environmental degradation, which could ultimately lead to a decline in output and consumption.

Once an Economy Reaches Its Steady State,it Will Continue to Grow