What might cause consumers in a high-income economy to both save more and spend more?
A.
an increase in the rate of interest
B.
an increase in wealth
C.
expectation that prices will fall in the future
D.
inflation rising at a faster rate than wages
Exam No：0455_s21_qp_12 Year：2021 Question No：9
Answer:
B
Knowledge points:
3.2.1 the influences on spending, saving and borrowing （Including income, the rate ofinterest and confidence–between different households and over time.）
Solution:
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