How do you avoid it with the loss of income by hundreds of thousands of people suddenly laid off. The knock on effects are 10 fold. It just slows the circulation of money in the economy. That equals less productivity.
How do you avoid it with the loss of income by hundreds of thousands of people suddenly laid off. The knock on effects are 10 fold. It just slows the circulation of money in the economy. That equals less productivity.
The will great Econ papers written about the asymmetric fiscal multipliers from federal layoffs vs other measure. Some future PhD student currently in high school has really hit the jackpot!