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If you zoom out and look at the aggregate widget contribution to the GDP (price * # sold), it is likely that the effect is either much reduced or goes away enti
by kspacewalk2 3y ago
If you zoom out and look at the aggregate widget contribution to the GDP (price * # sold), it is likely that the effect is either much reduced or goes away entirely. Fewer people will buy for $100, depending on price elasticity on demand the GDP number may in fact end up accurately reflecting that something shitty took place.