Economy, asked by patrickbarjo11200, 7 months ago

5. "As people become more thrifty they up saving less or
same as before! Explain.
Answer
If
nan

Answers

Answered by ImAryaman

0

Answer:

People were taught that thrift or savings are good because a penny saved today will bring increased income. In this connection, Keynes pointed out 'paradox of thrift' and showed that as people become thriftier, they end up saving less or same as before.

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