Question

Related to the Economics in Practice: According to the "paradox of thrift" as individuals increase their saving; Select one: income in the economy will remain constant because the change in consumption equals the change in saving: income in the economy increases because interest rates will fall and the economy will expand. income in the economy will fall because the decreased consumption that results from increased saving causes the economy to contract: income in the economy increases because there is more money available for firms to invest:

          Related to the Economics in Practice: According to the "paradox of thrift" as individuals increase their saving;
Select one: income in the economy will remain constant because the change in consumption equals the change in saving: income in the economy increases because interest rates will fall and the economy will expand. income in the economy will fall because the decreased consumption that results from increased saving causes the economy to contract: income in the economy increases because there is more money available for firms to invest:

Added by Christina M.

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