Question: Given the import function, Z = 300 + 2/3Y, which of the following statements is correct? choose the correct answer (a) The marginal propensity to

Given the import function, Z = 300 + 2/3Y, which

Given the import function, Z = 300 + 2/3Y, which of the following statements is correct? choose the correct answer (a) The marginal propensity to save is 1/3; (b) The induced component is 300; (c) 2/3 is the proportion of any income spent on imports; (d) None of the statements is correct

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