10/3/22, 9:33 AM Assessment 5: Attempt review
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Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 5
Started on Monday, 3 October 2022, 8:01 AM
State Finished
Completed on Monday, 3 October 2022, 9:33 AM
Time taken 1 hour 31 mins
Marks 10.00/18.00
Grade 55.56 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Suppose that Y = C + I + G + X – Z. Which of the following can be illustrated by a rightward shift of the AD curve?
(a) Increased technological innovation and political stability.
(b) A boom in major economies such as China, which are South Africa’s major trading partners.
(c) Depreciation of the local currency against the world’s major currencies due to speculation.
a. Only (a) is correct
b. Only (c) is correct
c. All (a), (b) and (c) are correct
d. Only (a) and (b) are correct
e. Only (b) and (c) are correct
Refer to section 9.1 of the prescribed textbook.
Question 2
Incorrect
Mark 0.00 out of 1.00
Within the AD-AS model, what will be the impact of expansionary demand management policy on the economy?
a. real output and the price level will increase, while unemployment decrease.
b. aggregate demand will decrease and the price level increase.
c. aggregate supply will decrease and the price level increase.
d. total production and employment will increase, while inflation decrease.
Refer to sections 9.1 and 9.3 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=5978220&cmid=213770 1/9
, 10/3/22, 9:33 AM Assessment 5: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
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Suppose that the central bank reduces the repo rate. What will happen in the AD-AS model?
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 5
(a) Investment decreases
(b) Aggregate demand increases
(c) Consumption increases
(d) Income decreases
(e) Prices increase
a. Only b, c and e are correct.
b. Only a, d and e are correct.
c. All a, b, c, d and e are correct.
d. Only a, b, c and d are correct.
e. Only a and d are correct.
Refer to section 9.2 of the prescribed textbook.
Question 4
Correct
Mark 1.00 out of 1.00
In 2020, the SARB’s monetary policy committee decided to decrease the repo rate by 1%. As a result, investment spending financed by
borrowing increased which led to an increase in the aggregate spending, stimulating aggregate demand and increased price level in the
economy.
The relationship described above is referred to as …
a. the wealth effect.
b. the exchange rate effect.
c. the fiscal transmission mechanism.
d. the monetary transmission mechanism.
Refer to section 9.2 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=5978220&cmid=213770 2/9
MENU
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 5
Started on Monday, 3 October 2022, 8:01 AM
State Finished
Completed on Monday, 3 October 2022, 9:33 AM
Time taken 1 hour 31 mins
Marks 10.00/18.00
Grade 55.56 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Suppose that Y = C + I + G + X – Z. Which of the following can be illustrated by a rightward shift of the AD curve?
(a) Increased technological innovation and political stability.
(b) A boom in major economies such as China, which are South Africa’s major trading partners.
(c) Depreciation of the local currency against the world’s major currencies due to speculation.
a. Only (a) is correct
b. Only (c) is correct
c. All (a), (b) and (c) are correct
d. Only (a) and (b) are correct
e. Only (b) and (c) are correct
Refer to section 9.1 of the prescribed textbook.
Question 2
Incorrect
Mark 0.00 out of 1.00
Within the AD-AS model, what will be the impact of expansionary demand management policy on the economy?
a. real output and the price level will increase, while unemployment decrease.
b. aggregate demand will decrease and the price level increase.
c. aggregate supply will decrease and the price level increase.
d. total production and employment will increase, while inflation decrease.
Refer to sections 9.1 and 9.3 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=5978220&cmid=213770 1/9
, 10/3/22, 9:33 AM Assessment 5: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
MENU
Suppose that the central bank reduces the repo rate. What will happen in the AD-AS model?
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 5
(a) Investment decreases
(b) Aggregate demand increases
(c) Consumption increases
(d) Income decreases
(e) Prices increase
a. Only b, c and e are correct.
b. Only a, d and e are correct.
c. All a, b, c, d and e are correct.
d. Only a, b, c and d are correct.
e. Only a and d are correct.
Refer to section 9.2 of the prescribed textbook.
Question 4
Correct
Mark 1.00 out of 1.00
In 2020, the SARB’s monetary policy committee decided to decrease the repo rate by 1%. As a result, investment spending financed by
borrowing increased which led to an increase in the aggregate spending, stimulating aggregate demand and increased price level in the
economy.
The relationship described above is referred to as …
a. the wealth effect.
b. the exchange rate effect.
c. the fiscal transmission mechanism.
d. the monetary transmission mechanism.
Refer to section 9.2 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=5978220&cmid=213770 2/9
