Current Affairs Exam  >  Current Affairs Questions  >  With reference to the Paradox Of Thrift theor... Start Learning for Free
With reference to the 'Paradox Of Thrift' theory, consider the following statements:
1. It postulates a direct correlation between savings and economic growth during the recession.
2. The theory was popularized by John Maynard Keynes.
Which of the statements given above is/are correct?
  • a)
    1 only
  • b)
    2 only
  • c)
    Both 1 and 2
  • d)
    Neither 1 nor 2
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
With reference to the Paradox Of Thrift theory, consider the following...
Statement 1 is not correct: The 'Paradox Of Thrift' theory states that individuals try to save more during an economic recession, which essentially leads to a fall in aggregate demand and hence in economic growth. Such a situation is harmful for everybody as investments give lower returns than normal.
Statement 2 is correct: It was popularized by the renowned economist John Maynard Keynes.
View all questions of this test
Explore Courses for Current Affairs exam

Similar Current Affairs Doubts

Top Courses for Current Affairs

With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?
Question Description
With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? for Current Affairs 2025 is part of Current Affairs preparation. The Question and answers have been prepared according to the Current Affairs exam syllabus. Information about With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for Current Affairs 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?.
Solutions for With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? in English & in Hindi are available as part of our courses for Current Affairs. Download more important topics, notes, lectures and mock test series for Current Affairs Exam by signing up for free.
Here you can find the meaning of With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer?, a detailed solution for With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? has been provided alongside types of With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice With reference to the Paradox Of Thrift theory, consider the following statements:1. It postulates a direct correlation between savings and economic growth during the recession.2. The theory was popularized by John Maynard Keynes.Which of the statements given above is/are correct?a)1 onlyb)2 onlyc)Both 1 and 2d)Neither 1 nor 2Correct answer is option 'B'. Can you explain this answer? tests, examples and also practice Current Affairs tests.
Explore Courses for Current Affairs exam

Top Courses for Current Affairs

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev