Which of the following best describes a steady state?

A) Political stability is maintained by the state.
B) The standard of living is increasing at a stable rate.
C) Each firm in the economy receives a steady stream of income.
D) Output per worker, consumption per worker, and capital per worker are constant.


D

Economics

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The most used tool of the Fed is:

A. open market operations. B. These are all used with equal frequency. C. the reserve requirement. D. the discount window.

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The total assets of commercial banks in 2015 amounted to:

A. about one-half of nominal GDP in the U.S. B. three times nominal GDP in the U.S. C. about one-tenth of nominal GDP in the U.S. D. about four-fifths of nominal GDP in the U.S.

Economics