IMF Study: 1% Cutback In Spending Leads To Lower Incomes And Dramatically Higher Unemployment

Posted by | September 14, 2011 10:59 | Filed under: Top Stories

A study by the International Monetary Fund shows what happens when the GDP is cut, even a little. Kevin Drum has it.  Things are actually twice as bad as the above chart indicates, since the feds can’t further reduce interest rates.

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By: Alan

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