Refer to the information provided in Figure 8.3 below to answer the questions that follow. Figure 8.3
-Refer to Figure 8.3. The equation for the aggregate consumption function is
A) C = 140 + 0.5Y.
B) C = 60 + 0.7Y.
C) C = 80 + 0.6Y.
D) C = 60 + 0.4Y.

Question

Refer to the information provided in Figure 8.3 below to answer the questions that follow.  Figure 8.3
-Refer to Figure 8.3. The equation for the aggregate consumption function is
A) C = 140 + 0.5Y. 
B) C = 60 + 0.7Y. 
C) C = 80 + 0.6Y. 
D) C = 60 + 0.4Y.

Quizplus · Accepted Answer

The aggregate consumption function equation is represented by the line C = 60 + 0.7Y in Figure 8.3.

Refer to the Information Provided in Figure 8