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Economics · Oct / Nov 2024 · Paper 13 · Question 11

2281Households

Under which circumstances are households more likely to save?

  1. Ahigh inflation rate, high interest rate, high unemployment rate
  2. Bhigh inflation rate, high interest rate, low unemployment rate
  3. Clow inflation rate, high interest rate, low unemployment rate
  4. Dlow inflation rate, low interest rate, low unemployment rate

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Correct answer: C. low inflation rate, high interest rate, low unemployment rate

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