Question
Read the articles: Wait, Is Saving Good or Bad? The Paradox of Thriftby E. Katarina Vermann - https://research.stlouisfed.org/publications/page1-econ/2012/05/01/wait-is-saving-good-or-bad-the-paradox-of-thrift/ Interest Rates, Aggregate Demand, and the Paradox
Read the articles:
Wait, Is Saving Good or Bad? The Paradox of Thriftby E. Katarina Vermann - https://research.stlouisfed.org/publications/page1-econ/2012/05/01/wait-is-saving-good-or-bad-the-paradox-of-thrift/
Interest Rates, Aggregate Demand, and the Paradox of Thriftby Muddy Water Macro - http://muddywatermacro.wustl.edu/interest-rates-aggregate-demand-paradox-of-thrift
The Paradox of Thriftby Justin Fox - https://eds-b-ebscohost-com.ezproxy.umuc.edu/eds/detail/detail?vid=0&sid=94c28482-056a-4e8f-b281-61d054fc9411%40pdc-v-sessmgr05&bdata=JnNpdGU9ZWRzLWxpdmUmc2NvcGU9c2l0ZQ%3d%3d#AN=36549436&db=heh
The Paradox of Thriftby Kenneth Davidson - https://eds-b-ebscohost-com.ezproxy.umuc.edu/eds/pdfviewer/pdfviewer?vid=1&sid=eb3734ab-0685-4dfa-bcbf-6d4136c9d256%40pdc-v-sessmgr06
Was Keynes Wrong About Saving?by Colin Twiggs - https://eds-b-ebscohost-com.ezproxy.umuc.edu/eds/pdfviewer/pdfviewer?vid=1&sid=524e6181-a3fa-4f0a-ad0b-6cf1ec922b5f%40pdc-v-sessmgr03
In your initial response to the topic you have to answerallquestions.
- What is the paradox of thrift? Is it real? Is Saving Good or Bad?
- Give an example of the paradox of thrift.
- What is thereverse paradox of thrift?
- Reflection -include a paragraph, using macroeconomic terminology,reflecting on specifically what learned from the assignment and how it could apply in accounting
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