The Paradox of Thrift Happens When Many People Save More

question 101

True/False

The paradox of thrift happens when many people save more and spend less, so businesses lower prices.

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Definitions:

Counterproductive Behavior

Actions undertaken by employees that deliberately hinder organizational goals or their coworkers' performance.

Embezzled

Misappropriation or theft of funds placed in one's trust or belonging to one's employer.

Affective Commitment

An employee’s emotional attachment to the organization that makes the employee want to stay in the organization

Continuance Commitment

The ongoing sense of attachment an individual feels towards an organization because leaving would be costly.