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The "Paradox of Thrift" Refers to the Understandable Tendency of People

question 89

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The "paradox of thrift" refers to the understandable tendency of people who are worried about their economic situation to ________ their saving,but in aggregate this behaviour causes a ________ recession.


Definitions:

Comic Book Store

A retail establishment specializing in the sale of comic books, graphic novels, and sometimes related collectibles.

Synergistic Group Effects

The phenomenon where a group's collective output or performance is greater than the sum of the individual members' contributions.

Collective Brainstorms

A group creativity technique where participants gather to generate a wide range of ideas and solutions about a particular issue.

Group Data

Information or statistical data collected from a group of individuals viewed as a collective entity.

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