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Many countries have seen during pandemic a rise in wealth of the highest income group relative to a very small increase in wealth of the
Many countries have seen during pandemic a rise in wealth of the highest income group relative to a very small increase in wealth of the bottom income groups. a). How does this affect the aggregate consumption of the economy and why?
b). During pandemic, households used up their savings. How will it affect consumption spending in the economy after the pandemic is over?
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