What effect did the stock market crashes of 1987 and 2001 have on consumption? Does the Keynesian

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What effect did the stock market crashes of 1987 and 2001 have on consumption? Does the Keynesian theory of consumption account for this?

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Principles of Money Banking and Financial Markets

ISBN: 978-0321339195

12th edition

Authors: Lawrence S. Ritter, William L. Silber, Gregory F. Udell

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Question Posted: Mar 06, 2018 09:31 AM

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What effect did the stock market crashes of 1987 and 2001 have on consumption? Does the Keynesian

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Consumption fell though not as much as might have b...View the full answer

Principles of Money Banking and Financial Markets

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