PERTAINS TO MACRO ECON - PLEASE

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Consumer choice theory predicts that, with identical, rational consumers and perfect credit market, fully-funded social security will not improve the social welfare. Why not? O A. Fully-funded social security always makes everyone worse off. O B. Consumers are saving the optimal amount already O C. Lenders can benefit while borrowers are worse off with the system O D. Borrower can benefit while lenders are worse off with the system O E. None of the aboveAn increase in G or G' shifts the output supply curve to the right because O A. lifetime wealth decreases and there is a negative income effect on leisure that shifts labour supply to the left. O B. the real interest rate decreases. O C. lifetime wealth increases and there is a positive income effect on leisure that shifts labour supply to the right. O D. the real interest rate increases. O E. lifetime wealth decreases and there is a negative income effect on leisure that shifts labour supply to the right