The paradox of thrift implies that: a. the average save rate of 6% of Americans is

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The paradox of thrift implies that:

a. the average save rate of 6% of Americans is too low

b. the average saving rage of 6% of Americans is too high

c. while rate of savings by some citizens is good, higher rate of savings by Americans may reduce aggregate demand

d. Americans should not save at a higher rate than citizens of countries with whom we have high volumes of trade

Related Book For answer-question

Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster

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Posted Date: Jan 25, 2024 02:31 PM

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The paradox of thrift implies that: a. the average save rate of 6% of Americans is

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Principles Of Macroeconomics

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