The paradox of thrift explains that increased savings by households could actually lower savings for the economy as a whole
a. True
b. False
Indicate whether the statement is true or false
True
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In the case of banks, "living wills" spell out:
A) how a bank would sell its assets and pay of its creditors in the event of shutdown. B) the amount of bank resources to be retained as stockholders' equity. C) the long term business development plans of systematically important financial institutions. D) the balance sheet of systemically important financial institutions.
Which of the following factors has significantly increased the supply of labor in the United States since 1950?
A) an increase in the number of people who have received college degrees B) an increase in the labor force participation rate of women C) a large increase in the substitution effect as a result of higher wages D) a low birth rate and an aging population