An application of infinite geometric series: The government has decided to give a $1,000 tax rebate to each ho order to stimulate the economy. The government statistics say that each household will spend 80% of the rebate i and services. The businesses and individuals who benefited from that 80% will then spend 80% of what they receive 1. The result is called the multiplier effect. What is the total effect of the rebate on the economy?

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