If the Intertemporal Substitution Hypothesis Is Correct, Then

question 23

Multiple Choice

If the intertemporal substitution hypothesis is correct, then

• A)the unemployment rate is artificially high.
• B)the unemployment rate is artificially low.
• C)discouraged workers should be included in the unemployed population because they actually want a job at the going wage.
• D)discouraged workers should not be included in the unemployed population because they are optimally choosing more leisure during a time of low wages.
• E)discouraged workers won't exist.

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