Which of the following statements is true? A) If the nominal wage rat
Which of the following statements is true?
A) If the nominal wage rate increases, the opportunity cost of current consumption decreases.
B) If the unemployment rate increases, the opportunity cost of current consumption decreases.
C) If the real interest rate increases, the opportunity cost of current consumption increases.
D) If the real wage rate increases, the opportunity cost of current consumption decreases.
ANSWER
C
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