单选题

Which of the following is most consistent with real business cycle (RBC) models? The arguments and recommendations of RBC models suggest that:

A、 monetary variables have a major impact on GDP growth.
B、 persons are unemployed because their asking wages are too high.
C、 governments should intervene when the economy is in contraction.

【正确答案】 B

【答案解析】

B is correct. As suggested particularly by the earliest RBC models, a person is unemployed because he or she is asking for wages that are too high, or in other words, this person’s utility function is maximized by having more leisure (e.g., free time to visit museums, watch games on TV, and enjoy time with friends) and less consumption (which could be increased by giving up some leisure and finding a job).