Business, 29.07.2019 21:20 1846252

34. in a certain economy, when income is $400, consumer spending is $325. the value of the multiplier for this economy is 3.33. it follows that, when income is $450, consumer spending is a. $360. for this economy, an initial increase of $50 in consumer spending translates into a $266.67 increase in aggregate demand. b. $360. for this economy, an initial increase of $50 in consumer spending translates into a $166.50 increase in aggregate demand. c. $341.67. for this economy, an initial increase of $50 in consumer spending translates into a $266.67 increase in aggregate demand. d. $341.67. for this economy, an initial increase of $50 in consumer spending translates into a $166.25 increase in aggregate demand.

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34. in a certain economy, when income is $400, consumer spending is $325. the value of the multiplie...

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