APPSC Group-II Mains 2019 Paper III · Question 106

Question 106 of the APPSC Group-II Mains 2019 Paper III (30 August 2019). Try it first, then open the answer and explanation.

1. Mains 2019 · P-III · Q106 · Economy (India & AP) · Money, Banking & Inflation

   During demonetisation, which paradox could be noticed?

   ద్రవ్య చలామణి తగ్గింపు (demonetisation) సమయం నందు దిగువ పేర్కొన్న వైపరీత్యం గమనించ బడినది:

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   Answer: Paradox of thrift

   సమాధానం: పొదుపు వైపరీత్యం

   Keynes's paradox of thrift: when everyone saves more and spends less, total demand and incomes fall.

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