Which of the following consumption functions best fits the values in the table below? 1. C =
Question:
Which of the following consumption functions best fits the values in the table below?
1. C = 6 + 0.8Y
2. C = 4 + 0.75Y
3. C = 2 + 0.6Y
4. C = 3 + 0.5Y
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Consumption function 1 is the best fit For each 5 increase in aggregate i...View the full answer
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Related Book For 
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
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