The self-control hypothesis suggests that people:
A)base their spending decisions (and consequently their saving decisions)on spending decisions of others.
B)want to save, but lack the discipline to refrain from consuming.
C)substantially decrease their saving when the real interest rate increases.
D)control their spending in order to save more when the real interest rate increases.

Question

Quizplus · Accepted Answer

Many people hope to save and are well aware its importance, but are compelled to spend because of short-run desires.

The Self-Control Hypothesis Suggests That People