試題詳解

1. (5%) Which of the following stateme
(A) A steady state repres esents a competitive equilibrium of the economy. ents is correct?
(B) in a steady state, investment is equal to zero.
(C) An economy always converges to a steady state.
(D) If two economies are identical, but one economy has a higher saving rate, then the steady-state level of per capita output in the economy with the higher saving rate will be at a higher level than in the steady state of the low-saving economy.