Increasing Spending During Recession
April 14, 2019
By: Abhinav Arumilli The reason for a country to fall into a recession is due to decreased spending and more saving instead from consumers. Paul Krugman, Nobel Prize Winning Economist, in his book “Return to Depression Economics”, describes this through a babysitting model. The Babysitting Model Krugman tells his readers to imagine a group of … More Increasing Spending During Recession