Which One of the Following Statements Regarding the Intertemporal Substitution

question 3

Multiple Choice

Which one of the following statements regarding the intertemporal substitution hypothesis is false?

• A)Workers are willing to reduce labor supplied during a recession.
• B)Increases in unemployment may be voluntary as workers collect UI benefits.
• C)Increases in unemployment may be voluntary as workers trade income for leisure during low-wage periods.
• D)Wages and hours of leisure will tend to move together over the course of the life-cycle.
• E)Labor supply responds to changes in the real wage.

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