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Suppose the marginal propensity to consume

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    Suppose the marginal propensity to consume is 0.63, the marginal propensity to import equals 0.08, and personal income taxes amount to 9 percent of GDP. The spending multiplier for this economy is equal to _____.

    a. 0.54

    b. 0.80

    c. 1.25

    d. 1.41

    e. 1.85

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