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Refer to the Information Provided in Figure 8

Question 92

Multiple Choice

Refer to the information provided in Figure 8.4 below to answer the questions that follow. Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4 -Refer to Figure 8.4. Suppose the consumption function for C<sub>1</sub> = 20 + 0.5Y, the consumption function that best fits C<sub>3</sub> is A) C<sub>3</sub> = 20 + 0.8Y. B) C<sub>3</sub> = 20 + 0.4Y. C) C<sub>3</sub> = 40 + 0.5Y. D) C<sub>3</sub> = 40 + 0.4Y. Figure 8.4
-Refer to Figure 8.4. Suppose the consumption function for C1 = 20 + 0.5Y, the consumption function that best fits C3 is


A) C3 = 20 + 0.8Y.
B) C3 = 20 + 0.4Y.
C) C3 = 40 + 0.5Y.
D) C3 = 40 + 0.4Y.

Correct Answer:

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