Multiple Choice
Related to the Economics in Practice on p. 476: According to the "paradox of thrift," decreased efforts to save will cause a(n)
A) increase in income and an increase in overall saving.
B) increase in income but no overall change in saving.
C) decrease in income and an overall decrease in saving.
D) decrease in income but an increase in saving.
Correct Answer:
Verified
Correct Answer:
Verified
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