ECS1601 ASSIGNMENT 4

UNISA  2023  ECS1601-23-S2  Online assessments  Assessment 4

QUIZ




Started on Thursday, 5 October 2023, 12:57 PM
State Finished
Completed on Thursday, 5 October 2023, 1:42 PM
Time taken 44 mins 51 secs
Marks 17.00/20.00
Grade 85.00 out of 100.00


Question 1
Correct

Mark 1.00 out of 1.00




Which of the following can cause demand-pull inflation?

[1] A decrease in interest rates which leads to an increase in consumption and
investment spending.
[2] An increase in government spending on social wealth and education.

[3] A rise in the cost of import intermediate goods due to a depreciation of the
domestic currency.


a. [1] and [2] 

b. [2]

c. [1], [2] and [3]

d. [3]

e. [1]




Refer to section 10.4 of the prescribed textbook.




Question 2
Correct

Mark 1.00 out of 1.00




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


a. productivity; rightward shift of the aggregate supply curve 
b. interest rates; leftward shift of the aggregate demand curve
c. wages; leftward shift of the aggregate supply curve
d. government spending; rightward shift of the aggregate demand curve



See sections 9.1 and 10.4 of the prescribed textbook.