Increasing the share of your income that you save is good for you. Therefore, it would be good for the whole economy if everyone saved more. This exemplifies the
A)post hoc fallacy.
B)fallacy of composition.
C)use of loaded terminology.
D)confusion between correlation and causation.

Question

Quizplus · Accepted Answer

The fallacy of composition arises when one assumes that what is true for an individual will also be true for a group. In this case, while saving more might be beneficial for an individual, if everyone saves more, it could lead to decreased consumer spending, potentially harming the economy.

Increasing the Share of Your Income That You Save Is