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 = 10 + 0.2Y
2. C = 6 + 0.8Y
3. C = 4 + 0.7Y
4. C = 10 + 0.5Y
Transcribed Image Text:
Aggregate Income (Y) Aggregate Consumption (C) 6 12 24 48 13 16 20 34
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Related Book For
Principles Of Macroeconomics
ISBN: 9781292303826
13th Global Edition
Authors: Karl E. Case,Ray C. Fair , Sharon E. Oster
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