In the real business cycle model,unemployment is ________.
A)costless to individual workers
B)the result of higher productivity
C)voluntary
D)the result of higher wages

Question

Quizplus · Accepted Answer

In the real business cycle model, unemployment is considered voluntary, as it is often the result of individuals choosing not to work at the prevailing wage rates or during periods when their productivity is lower.

In the Real Business Cycle Model,unemployment Is ________