Related to the Economics in Practice on P

question 243

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.

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Definitions:

Employee Performance

The assessment of an employee's work outputs and outcomes as measured against the employer's standards and objectives.

Procedural Justice

The fairness of the processes that lead to outcomes, emphasizing the transparency and consistency of the decision-making process.

Distributive Justice

A concept in social psychology and organizational behavior related to the fairness of outcomes distributed among members of a group or organization.

Interactional Justice

An aspect of organizational justice that focuses on the quality of interpersonal treatment individuals receive during the execution of fair or unfair actions.