The Paradox of Thrift Highlights the Idea That

question 73

Multiple Choice

The Paradox of Thrift highlights the idea that

• A)saving more is good for the economy in the short run.
• B)saving more can be bad for the economy during a recession.
• C)in spending more, households will end up saving less.
• D)in spending more, workers may end up losing their jobs.

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Definitions:

Goals And Ambitions

The desired outcomes, aspirations, or targets that an individual or organization strives to achieve through concerted efforts.

Informal Power Base

Influence or authority derived from personal networks, charisma, or knowledge, rather than official position or rank.

Coercive

A form of power or influence that involves forcing someone to do something through threats or pressure.

Reward

Something given in recognition of service, effort, or achievement.