ECS1601 ASSIGNMENT 6 FOR 2ND SEMESTER 2024

ECS1601
ASSIGNMENT 6 FOR 2ND SEMESTER 2024




FEND TUTORIALS

, Started on Saturday, 12 October 2024, 12:03 PM
State Finished
Completed on Saturday, 12 October 2024, 12:17 PM
Time taken 13 mins 51 secs
Marks 18.00/20.00
Grade 90.00 out of 100.00

Question 1
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Question text
In response to the COVID-19 pandemic, countries injected trillions of dollars into their economies to
provide relief to households and firms. This response is an example of ... policy, which can result in
... inflation, ceteris paribus.


a.
expansionary; demand-pull


b.
expansionary; cost-push


c.
contractionary; cost-push


d.
contractionary; demand-pull

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Question 2
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Which one of the following is the cause of demand-pull inflation?


a.
a decrease in government spending




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, b.
an increase in the cost of labour

c.
a decrease in interest rates

d.
the leftward shift of the AD curve

Question 3
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A depreciation of the rand may have inflationary consequences in South Africa because it…


a.
Increases the costs of exports.

b.
Discourages savings.

c.
Increases the costs of imported goods.

d.
Discourages exports.
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Question 4
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The appropriate policy to combat cost-push inflation would be to increase ______, which will be
illustrated by __________.


a.
interest rates; leftward shift of the aggregate demand curve

b.
government spending; rightward shift of the aggregate demand curve



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