How increase in savings affected overall consumption

Reference no: EM13219774

Following the recession, the rate of savings in the united states doubled. why do you think this is? How do you think the increase in savings affected overall consumption? Since, on average, 70% economic activity in the United States is based on consumers purchasing goods and services for consumption, how do you think the increase in savings affected the aggregate expenditure?

Reference no: EM13219774

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