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

question 89

Multiple Choice

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.

• A)decrease; more severe
• B)decrease; less severe
• C)increase; more severe
• D)increase; less severe
• E)increase; shorter

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Definitions:

Social Networking

The practice of expanding the number of one's business and/or social contacts by making connections through individuals, often via online platforms.

Social Media

Digital platforms and websites that enable users to create and share content or participate in social networking.

Television

An electronic device for receiving television broadcasts and displaying them in visual form, serving as a primary medium for broadcasting visual media.