Refer to the information provided in Figure 8.4 below to answer the questions that follow. Figure 8.4
-Refer to Figure 8.4.If income is Y1,aggregate consumption is the greatest when the aggregate consumption function is
A)C3.
B)C2.
C)C1.
D)cannot be determined from the figure

Question

Refer to the information provided in Figure 8.4 below to answer the questions that follow.  Figure 8.4
-Refer to Figure 8.4.If income is Y1,aggregate consumption is the greatest when the aggregate consumption function is
A)C3. 
B)C2. 
C)C1. 
D)cannot be determined from the figure

Quizplus · Accepted Answer

At income level Y1, aggregate consumption is highest at point C2 on the consumption function.

Refer to the Information Provided in Figure 8