In the Short-Run Model, the Steady State Is Characterized By $\pi _ { t } = \pi _ { t - 1 }$

Multiple Choice

In the short-run model, the steady state is characterized by:

A) $\pi _ { t } = \pi _ { t - 1 }$
B) $\pi _ { t } = \bar { \pi }$
C) $\bar { a } = \bar { a } = 0$
D) All of these answers are correct.
E) None of these answers are correct.