In the recession that started in 2008, the savings rate:
A) increased.
B) decreased.
C) stayed the same.
D) became negative.

Name: In the recession that started in 2008, the savings rate: A) increased. B) decreased. C) stayed the same. D) became negative.
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Question

Quizplus · Accepted Answer

During an economic recession, individuals tend to save more and spend less due to uncertainty about their financial stability. Therefore, the savings rate generally increases.

In the Recession That Started in 2008, the Savings Rate