ECS2602 Assignment 1
QUIZ (COMPLETE
ANSWERS) Semester 1
2026 - DUE 30 March
2026
NO PLAGIARISIM
[School]
[Course title]
, Exam (elaborations)
ECS2602 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 30 March
2026
Institution
University Of South Africa (Unisa)
Course
Intermediate Macroeconomics (ECS2602)
ECS2602 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 30 March
2026; 100% TRUSTED Complete, trusted solutions and explanations. F
Question 1
Answer saved Marked out of 1.00 Which one of the following is an example of a stabilization
policy? Select one: A. Labor market policies aimed to increase the productivity of labour. B.
Tariffs on imports. C. Inflation targeting. D. Expansionary monetary policy during a recession.
Clear my choice
Correct answer:
✔ D. Expansionary monetary policy during a recession
Explanation:
Stabilization policies are government or central bank actions aimed at reducing fluctuations in
the business cycle, such as recessions or inflation. Expansionary monetary policy (e.g., lowering
interest rates or increasing money supply) is used during a recession to stimulate economic
activity, making it a classic stabilization policy.
Question 2
Which one of the following statements is correct? An autonomous (or exogenous) variable in
our model means that the variable … Select one: A. is determined by the level of income or
output in the economy. B. increases if income in the economy increases. C. is determined by
factors such as business confidence, regulations and political influences. D. decreases if income
in the economy decreases. Clear
C. is determined by factors such as business confidence, regulations and political
influences.
Explanation:
An autonomous (exogenous) variable is a variable that is determined outside the economic
model and does not depend on the level of income or output in the economy. Instead, it is
QUIZ (COMPLETE
ANSWERS) Semester 1
2026 - DUE 30 March
2026
NO PLAGIARISIM
[School]
[Course title]
, Exam (elaborations)
ECS2602 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 30 March
2026
Institution
University Of South Africa (Unisa)
Course
Intermediate Macroeconomics (ECS2602)
ECS2602 Assignment 1 QUIZ (COMPLETE ANSWERS) Semester 1 2026 - DUE 30 March
2026; 100% TRUSTED Complete, trusted solutions and explanations. F
Question 1
Answer saved Marked out of 1.00 Which one of the following is an example of a stabilization
policy? Select one: A. Labor market policies aimed to increase the productivity of labour. B.
Tariffs on imports. C. Inflation targeting. D. Expansionary monetary policy during a recession.
Clear my choice
Correct answer:
✔ D. Expansionary monetary policy during a recession
Explanation:
Stabilization policies are government or central bank actions aimed at reducing fluctuations in
the business cycle, such as recessions or inflation. Expansionary monetary policy (e.g., lowering
interest rates or increasing money supply) is used during a recession to stimulate economic
activity, making it a classic stabilization policy.
Question 2
Which one of the following statements is correct? An autonomous (or exogenous) variable in
our model means that the variable … Select one: A. is determined by the level of income or
output in the economy. B. increases if income in the economy increases. C. is determined by
factors such as business confidence, regulations and political influences. D. decreases if income
in the economy decreases. Clear
C. is determined by factors such as business confidence, regulations and political
influences.
Explanation:
An autonomous (exogenous) variable is a variable that is determined outside the economic
model and does not depend on the level of income or output in the economy. Instead, it is
