In the real business cycle model, fluctuations in employment are expla
In the real business cycle model, fluctuations in employment are explained by ________.
A) changes in the composition of household assets
B) intertemporal substitution as real wages and real interest rates changes
C) changes in the marginal propensity to consume
D) the impact of a change in price on quantity demand and quantity supplied in goods markets
ANSWER
B
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