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In a certain economy, when income is $200, consumer spending is $145. The value of the multiplier for this economy is 6.25. It follows that, when income is $230, consumer spending is

a. $166.75.
b. $170.20.
c. $175.00.
d. $151.25.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940291

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