Started on Thursday, 17 November 2022, 9:51 AM
State Finished
Completed on Thursday, 17 November 2022, 10:23 AM
Time taken 32 mins 7 secs
Marks 28.00/30.00
Grade 93.33 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following is true regarding an open economy in the Keynesian model?
Select one:
a. A larger marginal propensity to consume will increase the size of the multiplier.
b. The impact of a change in aggregate expenditure is larger than in a closed economy.
c. When net exports increase, aggregate spending will decrease.
d. As investment spending decreases, the size of the multiplier decreases
Question 2
Correct
Mark 1.00 out of 1.00
The question is based on the figure below:
The movement from X to X’ can result from …
Select one:
a. an increase in domestic income.
b. a decrease in domestic income.
c. a depreciation of the rand against the dollar.
d. an appreciation of the rand against the dollar.
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, 11/17/22, 10:34 AM Assessment 7: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
The question is based on the following information.
Given autonomous consumption of R300, marginal propensity to consume of ¾, and level of income of R1000.
What is the amount of total saving is
Answer:
-R50
Question 4
Correct
Mark 1.00 out of 1.00
In the Keynesian model with a government and foreign sector, an increase in government spending …
Select one:
a. increases both exports and imports.
b. decreases the equilibrium level of income.
c. increases the equilibrium level of income and decrease imports.
d. increases the equilibrium level of income.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6520823&cmid=213776#question-6634644-12 2/14