Macroeconomics
Macroeconomics
13th Edition
ISBN: 9781337617444
Author: Roger A. Arnold
Publisher: Cengage
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Chapter 8.5, Problem 2ST
To determine

Describe an economy that is neither short-run nor long-run equilibrium.

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Define equilibrium and steady state. Can we find a steady state for each dynamic general equilibrium model? Why or why not?
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