An economy has the general LINEAR production function given by: y = Ak Note that this is different from the standard Solow model where y = Ak^α What can we say about this model represented by y = Ak?

Select one:

a. This economy reaches the steady state rather early.

b. This economy reaches the steady state rather late.

c. This economy may not have a steady state.

d. This economy must have negative growth rates.