• 2022-06-06
    The steady state is defined as a long-run equilibrium at which capital, labor, and output all grow at the same rate. To be in a steady state in a neoclassical model, which of the following equations has to be satisfied?
    A: y = (n - d)k
    B: sy = (n + d)k
    C: sf(k) = (n - d)k
    D: sy = nk + d
    E: y = f(k) = sk + nd