Multiple Choice
Refer to the information provided in Figure 23.4 below to answer the question(s) that follow. ![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 C<sub>1</sub> is [C<sub>1</sub> = 20 + 0.75Y]. The consumption function that best fits C<sub>2</sub> is A) C<sub>2</sub> = 10 + 0.5Y. B) C<sub>2</sub> = 20 + 0.25Y. C) C<sub>2</sub> = 10 + 0.4Y. D) C<sub>2</sub> = 40 + 0.75Y.](https://d2lvgg3v3hfg70.cloudfront.net/TB2924/11eab9ca_3f62_725a_b53a_1de514bf059e_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00_TB2924_00.jpg)
Figure 23.4
-Refer to Figure 23.4. Suppose the consumption function for C1 is [C1 = 20 + 0.75Y]. The consumption function that best fits C2 is
A) C2 = 10 + 0.5Y.
B) C2 = 20 + 0.25Y.
C) C2 = 10 + 0.4Y.
D) C2 = 40 + 0.75Y.
Correct Answer:
Verified
Correct Answer:
Verified
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