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 = 10 + 0.2Y

2. C = 6 + 0.8Y

3. C = 4 + 0.7Y

4. C = 10 + 0.5Y

Aggregate Income (Y) Aggregate Consumption (C) 6 12 24 48 13 16 20 34

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Principles Of Macroeconomics

ISBN: 9781292303826

13th Global Edition

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

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Question Posted: Dec 16, 2023 01:17 AM

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

Question:

Aggregate Income (Y) Aggregate Consumption (C) 6 12 24 48 13 16 20 34

Step by Step Answer:

To determine which consumption function best fits the values in the table you ca...View the full answer

Principles Of Macroeconomics

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