Multiple Choice
In a steady state,
A) both consumption per worker and the capital-labour ratio are constant.
B) consumption per worker is constant,but the capital-labour ratio can change.
C) capital and labour,by definition,are inversely related to one another.
D) consumption per worker can change,but the capital-labour ratio is constant.
Correct Answer:

Verified
Correct Answer:
Verified
Q54: Suppose the current level of output is
Q55: How does the possibility of international trade
Q56: In the past ten years,Patagonia's total output
Q57: Describe the main ideas of the endogenous
Q58: The oil price explanation of the slowdown
Q60: Country A has a capital-labour ratio that
Q61: Suppose the rate of economic growth in
Q62: Which of the following statement is NOT
Q63: Skeptics of the contribution of oil price
Q64: Steady-state investment per worker is positively related