ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 Which one of the following statements is correct? Select one: A. A decrease in the interest rate implies the implementation of expansionary monetary policy. B. Inflation targeting is an example of a stabilisation polic

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,8/10/24, 11:20 PM Assessment 1 (page 1 of 30)




UNISA  2024  ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 1

QUIZ




Question 1

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Which one of the following statements is INCORRECT?


Select one:
A. Expansionary fiscal policy decreases the budget deficit.

B. If the tax revenue of the government is larger than government spending, a budget surplus exists.

C. The main instrument of fiscal policy is the budget.

D. The main fiscal policy variables are government spending and taxation.

Clear my choice




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,8/10/24, 11:20 PM Assessment 1 (page 2 of 30)




UNISA  2024  ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 1

QUIZ




Question 2

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Which one of the following statements is correct?


Select one:
A. A decrease in the interest rate implies the implementation of expansionary monetary policy.

B. Inflation targeting is an example of a stabilisation policy.

C. An increase in taxes implies the implementation of expansionary fiscal policy.

D. A contractionary monetary policy implies a decrease in the interest rate to increase the money supply.

Clear my choice




https://mymodules.dtls.unisa.ac.za/mod/quiz/attempt.php?attempt=20766736&cmid=848061&page=1 1/1

, 8/10/24, 11:20 PM Assessment 1 (page 3 of 30)




UNISA  2024  ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 1

QUIZ




Question 3

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This question is based on the following information regarding a goods market model:

Autonomous consumption = R450 million

Government spending = R300 million
Taxes = R200 million

Marginal propensity to consume = ¾

At an equilibrium income level of R2 400 million, the consumption spending is equal to _________.


Select one:
A. R1 650 million

B. R2 550 million

C. R2 100 million

D. R2 250 million

Clear my choice




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