Economic paradoxes
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in one line each:๐ก 1. Paradox of Thrift – Saving more can make everyone poorer. 2. Giffen Goods – Poor people buy more of a good when its price rises. 3. Jevons Paradox – Efficiency increases lead to more total resource use. 4. Tragedy of the Commons – Individual gain ruins shared resources. 5. Easterlin Paradox – Beyond a point, more money doesn’t increase happiness. 6. Productivity Paradox – Tech grows, but productivity doesn’t always follow. 7. Greenspan Paradox – Low interest didn’t trigger expected inflation. 8. Labor-Leisure Paradox – Higher income can lead to less work. 9. Lucas Critique – Policy changes alter people's economic behavior. 10. Stagflation – Inflation and unemployment can rise together. Pakistan Bank Alfalah Saudi Hollandi Bank American Economic Association