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Business, 23.03.2020 17:48 stephanielynch

If every $1,000 increase in the real price of homes adds $0.07 to annual consumer spending (the "wealth effect"), by how much will consumption decline if home prices fall by $1.5 trillion?

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If every $1,000 increase in the real price of homes adds $0.07 to annual consumer spending (the "wea...
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