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O-LevelEconomicsGovernment and the macroeconomy2281/12 · May/June 2015 · Q161 Mark

What is most likely to cause a fall in the rate of inflation?

Aan increase in consumer spending
Ban increase in import prices
Can increase in income tax
Dan increase in wage rates

✓ Correct answer

C: an increase in income tax

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About this question

Topic
Government and the macroeconomy, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source
O-Level Economics, May/June 2015 Paper 1 Variant 2, question 16.

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