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 MPCY where a is autonomous consumption the amount of consumption expenditure when Y MPC is the marginal propensity to consume, and Y is national income
Y a MPCC where a is autonomous consumption the amount of consumption expenditure when Y MPC is the marginal propensity to consume, and Y is national income
C a MPSY where a is autonomous consumption the amount of consumption expenditure when Y MPS is the marginal propensity to save, and Y is national income.
MPC MPS where MPC is the marginal propensity to consume and MPS is the marginal propensity to save.
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