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Yeah, I was being sloppy in how I was talking there. But if you know there's going to be a recession you'll immediately stop making investments in capital goo
by Symmetry 8y ago
Yeah, I was being sloppy in how I was talking there. But if you know there's going to be a recession you'll immediately stop making investments in capital goods, for instance.
You'll probably reduce other forms of output too and see if you can lay off some of the workers you know you shortly wont' be needing. This will all tend to cause a recession if everybody does it.