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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
- 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 -the students also should include a paragraphin the initial responsein their own words, using macroeconomic terminology,reflecting on specifically what they learned from the assignment and how they think they could apply what they learned in the workplace or in everyday life.
Reading Materials:
https://research.stlouisfed.org/publications/page1-econ/2012/05/01/wait-is-saving-good-or-bad-the-paradox-of-thrift/
http://muddywatermacro.wustl.edu/interest-rates-aggregate-demand-paradox-of-thrift
The Paradox of Thriftby Justin Fox
The Paradox of Thriftby Kenneth Davidson
Was Keynes Wrong About Saving?by Colin Twiggs
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