{"type":"rich","version":"1.0","title":"Individual saving *(relate this to lvl of thrift)* is collectively **harmful** *(explicitly give a scenario where the lvl of thrift increasing is harmful)*, particularly when the economy is facing a **recession**. As such, the government is often prepared to incur a **budget deficit** so as to pump-prime the economy. \n\n**Discuss** how far the **level of thriftiness** affects the effectiveness of **pump-priming** in tackling **recession**. [25]","provider_name":"Coggle","provider_url":"https://coggle.it","thumbnail_url":"https://static.coggle.it/diagram/YmKwdTDWsJ_K7dPS/thumbnail","width":1920,"height":1200,"html":""}