If for Some Reason Households Become Increasingly Thrifty, We Could

question 16

Multiple Choice

If for some reason households become increasingly thrifty, we could show this by:

• A)a downshift of the saving schedule.
• B)an upshift of the consumption schedule.
• C)an upshift of the saving schedule.
• D)an increase in the equilibrium GDP.

---

Definitions:

OD

Organizational Development, a field of research, theory, and practice dedicated to expanding the knowledge and effectiveness of people to accomplish more successful organizational change and performance.

Empowerment

The process of giving power or authority to someone, enabling them to increase control over their own life or situation.

Emotional Standstill

An emotional standstill occurs when an individual feels stuck or unable to progress emotionally, often due to unresolved issues or traumas.

Denial

A defense mechanism in which confrontation with a reality or fact is avoided by denying the existence of the problem or reality.