In Real Business Cycle Theory, the Supply of Labour

question 83

Multiple Choice

In real business cycle theory, the supply of labour

• A)increases if the nominal interest rate rises.
• B)is independent of the real interest rate.
• C)decreases if the real interest rate rises.
• D)decreases if the real interest rate falls.
• E)decreases if the real wage rate decreases.

---

Definitions:

SES

Socioeconomic Status; a measure of an individual's or family's economic and social position in relation to others, based on income, education, and occupation.

Well Liked

Being favored, approved, or admired by many people or within a specific group or context.

Aggressive-Rejected

A social categorization for individuals, often children, who are not accepted by peers because of their aggressive and confrontational behavior.

Popular

describes being liked, admired, or supported by a large number of people or within a specific group/community.