Sorry for the short replies- I have only had a few minutes a day to spend here. I focused on one issue to avoid making things more complicated.
Which is basically what I said. Without including "long term sectors".Greater savings (i.e., more unconsumed production - i.e., more deferred demand) will ceteris paribus promote longer-term lines of production for "higher order" goods (those further from final consumption goods) - thereby promoting higher employment in the longer-term sectors of production and lower employment in the shorter-term sectors of production.
On the other hand, greater spending (i.e., less unconsumed production - i.e., more present demand) will ceteris paribus promote shorter-term lines of production for "lower order" goods (those closer to final consumption goods) - thereby promoting higher employment in the shorter-term sectors of production and lower employment in the longer-term sectors of production.
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