Question: Algebraically, the consumption function is represented as _ _ _ _ _ _ _ _ . Group of answer choices C = a + MPC

Algebraically, the consumption function is represented as ________.
Group of answer choices
C = a + MPC*Y, where a is autonomous consumption (the amount of consumption expenditure when Y =0), MPC is the marginal propensity to consume, and Y is national income
Y = a + MPC*C where a is autonomous consumption (the amount of consumption expenditure when Y =0), MPC is the marginal propensity to consume, and Y is national income
C = a + MPS*Y, where a is autonomous consumption (the amount of consumption expenditure when Y =0), MPS is the marginal propensity to save, and Y is national income.
MPC + MPS =1, where MPC is the marginal propensity to consume and MPS is the marginal propensity to save.

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