Phrase guide
Definitions and examples are grouped by meaning. Pronunciation, history, word forms, translations, descendants, synonyms, antonyms, derived terms, and related words appear whenever the source provides them.
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noun
The stimulation of output and employment caused by increasing consumption due to a rise in real balances of wealth, particularly during deflation.
Definition source: English Wiktionary via Wiktextract
Topics: economics, sciences
No example sentence was provided for this meaning.
Synonyms: none provided
Antonyms: none provided
History
Coined by American economist Don Patinkin in 1948 after English economist Arthur Cecil Pigou.
