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Question #48408

According to the paradox of thrift increased efforts to save will cause ?

Options:

A) an increase in income and an increase in overall saving

B) a decrease in income and an overall decrease in saving

C) a decrease in income but an increase in saving

D) an increase in income but no overall change in saving

Answer: According to the paradox of thrift increased efforts to save will cause a decrease in income and an overall decrease in saving.

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