If a result of households wish to save more there is... - Solved MCQs & Answer

1397EconomicsMedium

If a result of households wish to save more there is a change in equilibrium income and no change in equilibrium saving this is an example of?

Athe law of diminishing returns

Bmarket failure

Cthe paradox of thrift

Dmarket imperfection

Correct answer

C. the paradox of thrift

Explanation

The correct answer is the paradox of thrift.

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