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

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Impact of Collapse of Household Wealth Creates macroeconomic “vicious cycle” Households less willing/able to spend Leads to: Businesses less willing to invest to
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: expand business Leads to: less job creaKon Leads to: Markets are less buoyant How to break vicious cycle?? 9...
View Full Document

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).

Ask a homework question - tutors are online