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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2016 · Q211 Mark

Who is made worse off during a period of deflation?

Acash holders
Bcreditors
Cdebtors
Dfixed income earners

✓ Correct answer

C: debtors

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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 2016 Paper 1 Variant 1, question 21.

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