According to the Bureau of Economic Analysis, during therecession of 20072009, household saving as a fraction of disposablepersonal income increased from a low of just over1 percent in the first quarter of 2008 to 5 percent in the secondquarter of 2009. All else equal, what impact would this changein saving have on the MPC, MPS, and multiplier? How wouldthis change affect equilibrium output when planned investmentchanges?
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