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General Motors is the world’s largest vehicle producer. The company employs approximately 340,000 people, 20,000 of which work in Canada. If GM declared bankruptcy, many people would lose jobs, thus, unemployment rates would climb. The bankruptcy of GM would also cause a decrease in aggregate output; a recession...
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General Motors is the world’s largest vehicle producer. The company employs approximately 340,000 people, 20,000 of which work in Canada. If GM declared bankruptcy, many people would lose jobs, thus, unemployment rates would climb. The bankruptcy of GM would also cause a decrease in aggregate output; a recession...
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