In situations where new technologies are considered substitutes for workers, demand for these workers will ________, resulting in ________ in the equilibrium wage

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

Fogel's (1964) work on railroads after the Civil War shows that they did not dominate the markets for steel, coal or wood

Indicate whether the statement is true or false