O-LevelEconomicsMicroeconomic decision makers2281/11 · May/June 2017 · Q81 Mark

What is likely to happen when the rate of interest increases?

Aconsumer spending increases

Bfirms buy fewer machines

Cpeople hold more cash

Dsavers earn lower rewards

✓ Correct answer

B: firms buy fewer machines

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Topic: Microeconomic decision makers, O-Level Economics (syllabus 2281). Multiple choice, 1 mark.
Source: O-Level Economics, May/June 2017 Paper 1 Variant 1, question 8.

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