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O-LevelEconomicsGovernment and the macroeconomy2281/11 · May/June 2023 · Q231 Mark

Which citizens are most likely to benefit in a period of rapid inflation?

Acitizens who are receiving fixed state benefits
Bcitizens who earn fixed incomes
Ccitizens who have lent money at a fixed rate of interest
Dcitizens who have borrowed money at a fixed rate of interest

✓ Correct answer

D: citizens who have borrowed money at a fixed rate of interest

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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 2023 Paper 1 Variant 1, question 23.

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