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Meaning of Pigou effect | Babel Free

Noun CEFR B2

Definitions

The stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.

CEFR level

B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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See also

pigout Pigouvian tax Pigpen pigpen cipher Pigpens pigritude

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