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  • 20-04-2022
  • SAT
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In a certain economy when income is $100 consumer spending is $60

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cutejaejae0702 cutejaejae0702
  • 20-04-2022

Answer:

In a certain economy, when income is $100, consumer spending is $60. The value of the multiplier for this economy is 4. It follows that, when income is $101, consumer spending isa. $60.25.

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