Suppose That in Response to a Decrease in Real Interest

question 22

Multiple Choice

Suppose that in response to a decrease in real interest rates, a person decides to reduce his supply of labour today and increase it in the future.This behaviour is most consistent with the

• A)new Keynesian cycle theory.
• B)new classical cycle theory.
• C)monetarist cycle theory.
• D)real business cycle theory.
• E)Keynesian cycle theory.

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