Which of the following consumption functions best fits the values in the table below? 1. C =

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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

Aggregate Income (Y) Aggregate Consumption (C) 5 10 10 14 20 23 40 38

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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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