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

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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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This note was uploaded on 11/07/2011 for the course ECON 104 taught by Professor Dolenc during the Fall '08 term at UMass (Amherst).

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