The Conclusion of a Study by Steven Davis and James

question 22

Multiple Choice

The conclusion of a study by Steven Davis and James Kahn is that:

• A) inflation is super-super neutral in the long run.
• B) the saving rate in the Solow model does not contribute to economic growth.
• C) the Phillips curve is flat.
• D) the output gap is consistently more volatile than most economists and policymakers believe.
• E) improvements in inventory management have reduced macroeconomic volatility.

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Definitions:

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A predefined stream in many programming languages that typically reads input from the keyboard or main input device.

C

This language is built for various computing needs, offering procedural coding techniques, enabling the use of structured programming, variable scope determined lexically, and allowing for recursion.

Standard Input

A predefined stream in programming through which data is received from the user or another input source.

C++

A high-level programming language with object-oriented, imperative, and generic programming features.