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You read in the Financial Times that in 2020, given lockdowns and restrictions, UK households have accumulated 150bn extra of savings. What are the macroeconomic
You read in the Financial Times that in 2020, given lockdowns and restrictions, UK households have accumulated 150bn extra of savings. What are the macroeconomic implications of this situation and what might be the result if in 2021 households try to save more as a precaution given rising unemployment
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