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Business, 19.03.2021 01:00 vintageandre
Real GDP per person falls during a devastating recession, which in turn causes consumption to fall by 5%. Would giving everyone 5% more income during the recession offset the changes to consumption? Giving everyone 5% extra income would offset the 5% fall in consumption because people will spend of each extra dollar.
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Real GDP per person falls during a devastating recession, which in turn causes consumption to fall b...
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