"Pigou effect" meaning in All languages combined

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