ECS2602 ASSIGNMENT 1 SEMESTER 2 - 2019

ECS2602 ECS2602 ASSIGNMENT 1 SEMESTER 2 - 2019 ECS2602 8/20/2019 1. Which of the following statements are correct? 2. Which of the following statements are correct? to bring about an increase in the interest rate in order to decrease the demand for goods in the economy. An increase is taxes implies the implementation of a contractionary fiscal policy. 3. Expenditure on the gross domestic product in South Africa is spending on goods and services produced within the borders of South Africa … 4. The difference between induced consumption and autonomous consumption is that … 1. Which of the following is/are correct in terms of our goods market model? 1. Which of the following statements are correct? while the level of disposable income does not influence autonomous consumption. Statement c is correct. The mpc is the slope of the consumption function therefore in order to calculate the slope you need two points on the line mpc = (