ECS2602 Macroeconomics (ECS2602)

ECS2602-TESTS-BANK. 100% CORRECT questions, answers, workings and explanations. Question 1 Which of the following statements is/are correct? a) In this module we only study the demand side of the economy which includes the goods market and the financial market. The labour market form part of the supply side analysis and are therefore excluded from this module. b) The two most important accounts of the balance of payments are the current account and the financial account. c) If total output ...

his question is based on the following diagram of an IS-LM model for an open economy A decrease in government spending causes ... A. a decrease in the demand for goods and the level of output; a decrease in the demand for money and the interest rate; a depreciation of the domestic currency and the trade balance deteriorates as exports increases. B. a decrease in the demand for goods and the level of output; a decrease in the demand for money and the interest rate; a depreciation of the dom...

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GUIDELINES TO ANSWER THE OCT/NOV 2019 EXAMINTION PAPER: Unique number SECTION A: COMPULSORY (60 marks: 30 x 2 = 60) QUESTION 1 (5 marks) (x2 = 10 marks) a. It is where the change in G is equal to the change in T (∆G = ∆T) and the equal increase in government spending and taxes will still have a stimulatory impact on the level of output and

ECS2602 - ASSIGNMENT 4 - S2 - 2016.100% CORRECT questions, answers, workings and explanations. This assignment contributes 40% towards your semester mark. Please ensure that this assignment reaches the university before the due date. Answer all questions on a mark-reading sheet. 1. Which of the following statements are correct? a. The nominal exchange rate is the relative price of domestic goods in terms of foreign goods. b. The real exchange rate is the price of the domestic currency in te...

ECS2602 ASSIGNMENT 1 SEMESTER 2 - 2019. 100% CORRECT questions, answers, workings and explanations. 1. Which of the following statements are correct? a. Macroeconomics studies the determination of the level of output and income for a specific firm. b. In macroeconomics we focus on the interaction between different markets, such as the goods market, the financial market, the labour market and the foreign exchange market. c. Real GDP per capita is widely used as a measure of economic welfar...