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In response to the COVID crisis, the federal Government distributed large amounts to individuals as well as affected industries. But, manyconsumers actually did not spent

In response to the COVID crisis, the federal Government distributed large amounts to individuals as well as affected industries. But, manyconsumers actually did not spent all of their stimulus payments. Instead, large portions were added to savings. Recently the US saving rate stillwas quite high at 24% of DPI. True or false

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