Civil Services TNPSC Group 1 (New Syllabus) Mock Test 2025 General Knowledge Economy National Income Accounting
Which of the following is/are the characteristics of an economy facing a liquidity trap?
1. High-interest rates
2. Low savings rate
3. Low consumer spending
Select the correct answer using the code given below.
1
1 and 2 only
2
2 and 3 only
3
3 only
4
1, 2 and 3