Plot the income and consumption data in the following table on a graph, with income on the

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Plot the income and consumption data in the following table on a graph, with income on the X-axis. Does the data indicate a positive or negative relationship between income and consumption?

Average Consumption Expenditures Households by Percentage Average Income Before Taxes $ 5,500 12,000 37,800 $ 16,000 Bot

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Principles of Macroeconomics

ISBN: 978-0134078809

12th edition

Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster

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