Multiple Choice
The key ripple effect in real business cycle theory is the ________ decision and it depends on the ________.
A) when-to-invest; real interest rate
B) when-to-work; real interest rate
C) what-to-save; nominal interest rate
D) where-to-work; real wage rate
E) when-to-work; rigidity of the money wage rate
Correct Answer:
Verified
Correct Answer:
Verified
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