If a consumer's discount rate () is lower than the current rate of interest (r), then...

Select one:

a.the consumer's MRS is greater than their MRT. The consumer should increase their consumption in the current period

b.the consumer's MRS is less than their MRT. The consumer should reduce their consumption in the current period

c.the consumer's MRS is greater than their MRT. The consumer should reduce their consumption in the current period

d.the consumer has smoothed their consumption