According to the "paradox of thrift," an increase in the
A) average propensity to save results in an increase in national output.
B) average propensity to save results in a decrease in unemployment.
C) saving function (upward shift) can result in a decrease in both national output and total saving.
D) consumption function (upward shift) results in a decrease in national income.
E) desire of the public to save causes national income and wealth to grow rapidly.
Correct Answer:
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