Multiple Choice
A steady state
A) is a shortrun equilibrium which describes what the exogenous variables in a model will do if they are not disturbed by any other variable in the model.
B) is a shortrun equilibrium which describes what the endogenous variables in a model will do if they are not disturbed by any other variable in the model.
C) is a longrun equilibrium which describes what the exogenous variables in a model will do if they are not disturbed by any other variable in the model.
D) is a longrun equilibrium which describes what the endogenous variables in a model will do if they are not disturbed by any other variable in the model.
Correct Answer:
Verified
Correct Answer:
Verified
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