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O-LevelEconomicsMicroeconomic decision makers2281/13 · Oct/Nov 2024 · Q111 Mark

Under which circumstances are households more likely to save? [Table 11.1 showing inflation rate, interest rate, unemployment rate]

Ahigh, high, high

Bhigh, high, low

Clow, high, low

Dlow, low, low

✓ Correct answer

C: low, high, low

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About this question

Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, Oct/Nov 2024 Paper 1 Variant 3, question 11.

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