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.
Correct Answer:
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