Robin: When a region's economy is faltering, many people lose their jobs. ββ β βββββββ ββββββββ ββ ββββββββ βββββ βββββββββ βββββββ ββ ββββ ββ ββββ ββββ ββββ βββ β βββββββββ ββ βββ ββββββββ βββββββββββ βββ βββββββ βββββββ ββ βββ ββββ ββββββ βββββββββ βββ βββββ ββββββ βββββββββ ββββββ ββ ββββββββ ββββββββ ββ ββββββββ ββββββ βββ ββββ ββββββ ββββββββ βββββββ ββ ββββββββ ββββββββββββ
ββββββ ββββββ ββββββ ββββββββ βββββ ββββββββ ββ ββββ ββββ ββ ββββ βββ ββ βββββ βββ ββββββββ βββββ ββββ βββββ ββββββββββββ ββ βββββ βββββββββ ββββββ ββββ ββ ββββββββ ββββββββββββ
Robin argues that once prices collapse in a faltering economy, the economy will begin to improve as people take advantage of low prices and spending increases. Terry argues that price collapse does not lead to economic improvement because people canβt increase spending without jobs and money.
Terry assumes that in an economy so poor that prices collapse, people do not have the jobs and/or money to take advantage of the lower prices and increase spending at a macro level.
Which one of the following, ββ βββββ ββββ ββββββββββ βββββββ βββββββββ ββ βββββββ βββββββββ
Companies hire more βββββββ βββββ βββ βββββββ ββββββ ββ βββββββ ββββββ βββ ββββ βββββ βββββ βββββββ ββββ ββββ βββββββββββββ ββββββββββ
Even when economic ββββββββββ βββ ββββββββββ βββββββββ βββββββ ββββ βββ βββββββ ββββ ββββββββββ ββββββββ
Even people who ββ βββ ββββ βββββ ββββ βββββ ββββ ββ βββ ββββββββ βββββ βββ ββββ ββββ βββββββ βββββββββ ββ βββββ ββββ ββββββ βββββββββ
People who have ββββ βββββ ββββ ββββ ββββββββ ββ βββ ββββ βββββ βββββ ββββ ββ βββββ ββββ ββββββ βββ ββββββββ ββββββ
The prices of ββββ ββββββββ βββββ ββββββ βββββββ ββββ ββββββ β βββββββ βββββ βββββββββ