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Which of the Following Statements Is True

Question 91

Multiple Choice

Which of the following statements is true?


A) If the real interest rate increases, the opportunity cost of current consumption increases.
B) If the nominal wage rate increases, the opportunity cost of current consumption decreases.
C) If the real wage rate increases, the opportunity cost of current consumption decreases.
D) If the unemployment rate increases, the opportunity cost of current consumption decreases.

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