Multiple Choice
A balanced growth path is defined as a situation in which:
A) the output growth rate is constant.
B) the growth rates of all endogenous variables are variable.
C) the growth rates of some of the endogenous variables are constant.
D) the growth rates of all endogenous variables are constant.
E) All of the above are correct.
Correct Answer:
Verified
Correct Answer:
Verified
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