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During the most recent expansion that ended in February 2020 the U.S. savings rate has dropped from about 5% to 2%.This decrease in the U.S.

During the most recent expansion that ended in February 2020 the U.S. savings rate has dropped from about 5% to 2%.This decrease in the U.S. savings rate would make the spending multiplier:

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smaller

can't tell from this information.

with no change

larger

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