Author Question: The consumer's work-leisure choice problem focuses on how a consumer's work-leisure decision is ... (Read 61 times)

jazziefee · **on:** Jun 30, 2018

The consumer's work-leisure choice problem focuses on how a consumer's work-leisure decision is affected by the consumer's

A) preferences and productivity.
B) productivity and psychology.
C) psychology and preferences.
D) preferences and constraints.

Question 2

For a lender, an increase in the real interest rate

A) definitely reduces current consumption and increases future consumption.
B) reduces current consumption and has an uncertain effect on future consumption.
C) has an uncertain effect on current consumption and increases future consumption.
D) has an uncertain effect on both current and future consumption.