Refer to the Information Provided in Figure 23

question 13

Multiple Choice

Refer to the information provided in Figure 23.4 below to answer the question(s) that follow. Figure 23.4
-Refer to Figure 23.4. 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.

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