Economics · Macroeconomics
Which of the following concepts refers to the macroeconomic paradox where an increase in autonomous saving leads to a decrease in aggregate demand and thus a decrease in total gross savings?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Easterlin paradox
- 2Paradox of thrift✓
- 3Leontief paradox
- 4Giffen paradox
Correct answer
Paradox of thrift
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