ECON102 Paradox of Thrift Concept Households Future Discussion Paper

ECON102 Paradox of Thrift Concept Households Future Discussion Paper

An interesting concept called the “Paradox of Thrift” arises when households become concern about their future and attempt to increase their saving. As a consequence of such action the overall economy will suffer. Explain. Do you agree with this assessment?

Your initial discussion posts must be a minimum of 250 words.