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Determining the multiplier for economy

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Reference no: EM131334928

Take the following information as given for a small, imaginary economy:

- When income is $10,000, consumption spending is $6,500

- When income is $11,000, consumption spending is $7,300

Then, the multiplier for this economy is? (please show work, that would be great.)

Reference no: EM131334928

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