Ldquowe saved 17 of our disposable income during the, Business Economics

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Ldquowe saved 17 of our disposable income during the

“We saved 17% of our disposable income during the recession, the highest rate since World War II. The level of savings has fallen off since then to less than 10% of disposable income.” a)Would the higher savings rate eased or exacerbated the recession? Explain how. b)Why would the savings rate increase during a recession?

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