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.
Correct Answer:

Verified
Correct Answer:
Verified
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