Examlex

Solved

Which Statement(s) Is/are TRUE Regarding the Paradox of Thrift? I

question 211

Multiple Choice

Which statement(s) is/are TRUE regarding the paradox of thrift? I. People intend to save less but their actions actually lead to an increase in savings.
II) For the paradox of thrift to occur, investment must be positively related to income.
III) The increased savings of households leads to more consumption, income, and output, increasing investment and aggregate savings.


Definitions:

Standards

Set standards or criteria across different areas serving as a point of reference or adherence.

Grammar

The set of structural rules governing the composition of clauses, phrases, and words in any given natural language.

Antecedent

An antecedent is a thing or event that existed before or logically precedes another, often used in grammar to refer to the noun to which a pronoun refers.

Pronoun

A word that takes the place of a noun, such as he, she, it, they, which can refer to people, places, or things.

Related Questions