The Nominal Interest Rate Affects the Opportunity Cost of Leisure

Multiple Choice

The nominal interest rate affects the opportunity cost of leisure because

A) of the delay in when a consumer works and when they can spend the wage income.
B) the substitution effect dominates the income effect.
C) the income effect dominates the substitution effect.
D) there is no delay in when the consumer works and can spend the wage income.
E) additional leisure requires the consumer to borrow.