Economics A-Level
Precautionary saving
What Precautionary saving means in Economics A-Level, as defined for AQA.
Definition of Precautionary saving
Check what you remember
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Reference: AQA
Saving that rises during economic uncertainty as households prepare for potential job losses.
Topics that use Precautionary saving
- The determinants of aggregate demand (AQA A-Level)
Related terms
- Aggregate demand
- Circular flow of income
- Exchange rates
- Interest rates
- Investment
- Macroeconomic objectives
- Net exports
- Price level
Using Precautionary saving in the exam
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