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Econ%20104%20Syllabus--Pollin--Fall%20-page15 - expand...

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Impact of Collapse of Household Wealth Creates macroeconomic “vicious cycle” Households less willing/able to spend Leads to: Businesses less willing to invest to
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Unformatted text preview: expand business – Leads to: less job creaKon – Leads to: Markets are less buoyant • How to break vicious cycle?? 9...
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