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fIf the multiplier in the economy is 3.5 and government spending rises by 50.75 trillion, then GDP will change by about $0.75 trillion. $4.67 trillion.
\fIf the multiplier in the economy is 3.5 and government spending rises by 50.75 trillion, then GDP will change by about $0.75 trillion. $4.67 trillion. $2.63 trillion. $3.5 trillion.Total consumption in the economy is composed of: consumption by hand-to-mouth consumers only. consumption by consumption smoothers only. consumption by hand-to-mouth consumers and consumption by consumption smoothers. O only permanent changes in consumption.Total consumption in the economy is composed of: consumption by hand-to-mouth consumers only. consumption by consumption smoothers only. consumption by hand-to-mouth consumers and consumption by consumption smoothers. O only permanent changes in consumption.(Figure: Market for Engines) According to the figure, if there is international trade in this market, and the world price of an engine is $800, domestic consumers will purchase producers, units from domestic producers and units from foreign Price 2.000 Domestic 1,000 supply Domestic demand 500 1.000 Quantity of engines
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