Multiple Choice
Suppose the economy is operating at the steady state. Which of the following is true given this information?
A) Steady state saving is more than total consumption.
B) Steady state saving is just sufficient to cover depreciation.
C) Steady state saving exceeds depreciation each year by a constant amount.
D) Steady state saving equals consumption.
E) Steady state saving is less than total consumption.
Correct Answer:

Verified
Correct Answer:
Verified
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