According to real business cycle theorists, the incentive to work hard now depends on each of the following except

Question

Quizplus · Accepted Answer

Real business cycle theorists focus on factors like current and future wages, and the real interest rate, as determinants of the incentive to work. The real exchange rate, however, is more relevant to international trade and investment decisions than to individual work effort decisions.

According to Real Business Cycle Theorists, the Incentive to Work