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"Intertemporal Substitution" in Real Business Cycle Theory Refers to the Change

Question 77

Multiple Choice

"Intertemporal substitution" in real business cycle theory refers to the change in the ________ as a result of the change in the real interest rate.


A) personal tax rate
B) demand for loanable funds
C) supply of labour
D) consumer demand for goods
E) demand for labour

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