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Managing in a Downturn

Question 1 of 6

John Maynard Keynes coined a term; “the paradox of thrift.” What situation was he describing?

	Trying to save cash often results in greater expenditure.
	Trying to conserve cash results in a general slowdown.
	Conserving cash to cope with a slowdown hurts the economy. This then harms the cash conservers along with everyone else.
	Trying to spend your way out of a recession leads to increasing debt.
	Don’t know.

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