Economics · Macroeconomics
'As people become more thrifty, they may end up saving the same or less in total.' This statement refers to which economic concept?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Effective demand principle
- 2Multiplier mechanism
- 3Paradox of thrift✓
- 4Autonomous shift
Correct answer
Paradox of thrift
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