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In a certain economy, when income is $500, consumer spending is $375. The value of the multiplier for this economy is 5. It follows that,
In a certain economy, when income is $500, consumer spending is $375. The value of the multiplier for this economy is 5. It follows that, when income is $510, consumer spending is
a.$381.67.b.$378.c.$383.d.$383.33.
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