Ecs2602 memo Study guides, Study notes & Summaries

ECS2602 - ASSIGNMENT 3 - SEMESTER 2.Detailed working, solutions, memo, notes & explanations.Question 1 of 15 This 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 goo...

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ECS2602 EXAM MEMO 2023 Latest exam pack questions and answers and summarized notes for exam preparation. 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on 079 811 9845 .

Macroeconomics II - Popular Exam Q's MEMO 1. Using the Goods Market model explain how a balanced budget can still lead to an increase in output and income. {OR] Using the Goods Market model explain how a simultaneous increase in government spending and increase in taxes can lead to an increase in output and income. A balanced budget still increases output. The difference between the initial impact of a change in government spending and a change in taxes implies that even if the change in ...

SUGGESTED MEMO 2015 MAY/JUNE ECS2602 SECTION A QUESTION 1 a) Multiplier Formula Multiplier = 1 (1−0.8) = 5 b) = 100 + 50 + 40 - 0.8(20) = 174 c) equilibrium ie AE = Y DI = Y – T; AE = C + I + G + (X - M) C = a + b(Y – T) C = consumption spending, DI = disposable income, I = investment expenditure, G = government spending, T = tax revenue, X = exports, M = imports, Y = real GDP, b = Mpc, a = autonomous consumption AE = 100 + 0.8(Y -20) + 50 + 40 AE = 100 + o.8Y – 16 + 90 ...