The RBC Approach Has Workers Allocating Their Labor Effort Over

Multiple Choice

The RBC approach has workers allocating their labor effort over blocks of time,with periods of intense activity when wages are high alternating with slack periods of vacation and leisure.This makes the labor supply curve rather ________,with unemployment an entirely ________ phenomenon.

A) steep,voluntary
B) steep,involuntary
C) flat,voluntary
D) flat,involuntary