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1. In a certain economy, when income is $500, consumer spending is $375. The value of the spending multiplier for this economy is 5. It

1. In a certain economy, when income is $500, consumer spending is $375. The value of the spending multiplier for this economy is 5. It follows that, when income is $510, consumer spending is A. $381.67. B. $378. $380. D. $383

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