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Q1) Use the following graph that shows Personal Savings to answer the following question. Do you think that households increased savings due to the Covid-19

Q1) Use the following graph that shows Personal Savings to answer the following question. Do you think that households increased savings due to the Covid-19 pandemic ? Discuss and justify your answer.

https://fred.stlouisfed.org/graph/?id=PMSAVE

Time period in review is from January 2020 through December 2021.

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