The idea that saving equals investment in the Solow model means that a steady state can be reached only when
A) s = k.
B) s = n + d.
C) y(k) = (n + d)k.
D) none of the above
Answer: D
The idea that saving equals investment in the Solow model means that a steady state can be reached only when
A) s = k.
B) s = n + d.
C) y(k) = (n + d)k.
D) none of the above
Answer: D