Question
An interesting paradox called the Paradox of Thrift arises when households become concern about their future and attempt to increase their saving. As a consequence
An interesting paradox called the "Paradox of Thrift" arises when households become concern about their future and attempt to increase their saving. As a consequence of such action the overall economy will suffer.Explain. Do you agree with this assessment?
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Economics
Authors: Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
18th edition
978-0077413798, 0-07-336880-6, 77413792, 978-0-07-33688, 978-0073375694
