According to real business cycle theory, workersʹ decisions to work now versus later depend on
A. the real wage rate today but not the real wage rate in the future.
B. the money wage rate.
C. the real interest rate.
D. labor productivity.
Answer:C
According to real business cycle theory, workersʹ decisions to work now versus later depend on
A. the real wage rate today but not the real wage rate in the future. B. the money wage rate. C. the real interest rate. D. labor productivity.