"Because it is good for individual households to increase their saving in the short run, it is therefore good for a nation's economy in the short run if all households increase their saving." Thi statement is an example of: O a. the fallacy of composition. O b. the post hoc fallacy. O c. the ceteris paribus assumption. O d. marginal analysis.

"Because it is good for individual households to increase their saving in the short run, it is therefore good for a nation's economy in the short run if all households increase their saving." Thi statement is an example of: O a. the fallacy of composition. O b. the post hoc fallacy. O c. the ceteris paribus assumption. O d. marginal analysis.

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter21: Costs And The Supply Of Goods

Section: Chapter Questions

Problem 12CQ

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