Given the trait of human behavior that it is a lot easier (and more fun) to adjust spending upward rather than downward, does it take longer for individuals (micro) or nations (macro) to adjust to changes in income/spending? Why or why not?© BrainMass Inc. brainmass.com October 10, 2019, 7:57 am ad1c9bdddf
In reference to whether people can adjust to spending upwards, it is true that it takes much longer for ...
This solution of 95 words discusses micro and macro economics in healthcare. Reference used is included.