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The paradox of thrift refers to the idea that if everyone saves more money during an economic downturn, it can actually harm the economy as a whole by reducing overall spending, leading to decreased demand for goods and services, which can further exacerbate the economic downturn. In other words, what may be good for individuals in the short term (saving more) can have negative consequences for the economy as a whole.
What else can I help you with?
Is you never lie a paradox?
No, saying "I never lie" is not necessarily a paradox. It can simply be a statement or claim about one's own behavior, meant to express honesty or integrity. A paradox arises when a statement leads to contradictions or logical inconsistencies.
What is a sentence using paradox?
fermi paradox is very confusing. We can not explain that Paradox.
When was Welcome to Paradox created?
Welcome to Paradox was created on 1998-08-17.
What is a double paradox?
A double paradox is a situation that involves two seemingly contradictory elements. It can create confusion or challenge traditional logic by presenting conflicting ideas simultaneously. Examples include the Barber paradox or the Liar paradox.
Is time is gold is an example of a paradox?
it can true, or it can be wrong No, it isn't a paradox, it is simply an adage. A paradox is a statement that appears to contradict itself within the sentence. "This sentence is false" is the classic paradox.
What do paraox mean?
simply, a contadiction. something that is meant to do something but does the complete opposite.example:preaching (positively) for a certain religion, and the listeners a turned off by what they heard and in term, dislike that religion.i hope you meant paradox and misspelled.
Is you never lie a paradox?
No, saying "I never lie" is not necessarily a paradox. It can simply be a statement or claim about one's own behavior, meant to express honesty or integrity. A paradox arises when a statement leads to contradictions or logical inconsistencies.
What literary term is our will became the servant to defect?
Paradox Metaphor
Literary term that represents agreeable disappointment?
paradox
What is meant by the term cathetarisation?
what is meant by the term catheterisation
What is meant by the term resistance?
What is meant by the term resistivity?
What literary term is used in the song where is the love by black eyed peas?
Paradox
What literary term is contained in this quote For Brutus as you know was Caesar's angel.?
It is a paradox!
What is meant by the term dementia?
Explain what is meant by the term 'dementia.'
What is meant by identation?
what is meant by the term identity politics
What is meant by the term organization culture?
What is meant by the term organisation culture
Which literary term but I remember now I am in this earthly world where to do harm is often laudable to do good sometime?
The literary term you are looking for is paradox. A paradox is a statement that seems contradictory but may be true when viewed from a certain angle. In the given quote, the paradox lies in the idea that in the earthly world, harming can be praised while doing good can sometimes be seen as unacceptable.
