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If every $1,000 increase in the real price of homes adds $0.05 to annual consumer spending (the wealth effect), by how much
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A Given that for Each $1000 increased in the real price of home adds $0.05 to annual consumer Prding of home prices rise by (- consumption Change the rate of wealth effect change in real price = 0.000057 1:5 trillon >> 0.00005X1,500,000,000,000 » 750

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