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In a Certain Economy,when Income Is $500,consumer Spending Is $375

Question 34

Multiple Choice

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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