During economic downturns, does medical school become more competitive?

I figure application volume increases disproportionally from the usual year-over-year changes when a recession strikes. This would primarily be driven by folks in finance and business being laid off (or taking substantial pay cuts) and turning to medicine as a “safe” path forward. Anyone have data or anecdotal experiences with this?
Source: Student Doctor Network - Category: Universities & Medical Training Authors: Tags: Pre-Medical - MD Source Type: forums