ECS2602 Assignment 1 QUIZ (DETAILED ANSWERS) Semester 1 2026 - DISTINCTION GUARANTEED

ECS2602 Assignment 1 QUIZ (DETAILED ANSWERS) Semester 1 2026 - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED - DISTINCTION GUARANTEED Answers, guidelines, workings and references. Question 1 Answer saved Marked out of 1.00 Which one of the following is an example of a stabilisation policy? Select one: A. Labour market policies aimed to increase the productivity of labour. B. Tariffs on imports. C. Inflation targeting. D. Expansionary monetary policy during a recession. Clear my choice Which one of the following statements is correct? An autonomous (or exogenous) variable in our model means that the variable … Select one: A. is determined by the level of income or output in the economy. B. increases if income in the economy increases. C. is determined by factors such as business confidence, regulations and political influences. D. decreases if income in the economy decreases. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 12:26 PM Assessment 1 (page 2 of 16) Question 3 Not yet answered Marked out of 1.00 Which one of the following would NOT be included in calculating the gross domestic product (GDP) of South Africa? Select one: A. Ford Motor Company of America builds an assembly plant in the Eastern Cape (South Africa). B. A citizen from Botswana (a foreign country) earns a wage at a gold mine in South Africa. C. Exports of agricultural products to Europe. D. Imports of motorcars from Japan to South Africa. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ► Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 12:26 PM Assessment 1 (page 3 of 16) Question 4 Not yet answered Marked out of 1.00 Question 5 Not yet answered Marked out of 1.00 Expenditure on the gross domestic product in South Africa is spending on goods and services produced within the borders of South Africa … Select one: A. including exports and imports. B. excluding imports and including exports. C. excluding exports and including imports. D. excluding exports and imports. Clear my choice This question is based on the following data for country PORTHOS for 2020. Marginal propensity to consume = 0.5 Autonomous consumption = R600 million Investment spending = R40 million Government spending = R280 million Taxes = R300 million An economist Dr Bright Sithole calculated that the gap between the current equilibrium level of output and income and the fullemployment level of income is R110 million. By how much must taxes decrease to reach full employment? Select one: A. 770 million B. 55 million C. 110 million D. 220 million Clear my choice  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 12:26 PM Assessment 1 (page 3 of 16) ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 12:40 PM Assessment 1 (page 4 of 16) Question 6 Not yet answered Marked out of 1.00 Question 7 Not yet answered Marked out of 1.00 Given the following information, answer the question. Autonomous consumption = R100 million Investment spending = R300 million Government spending = R200 million Taxes = R60 million Marginal propensity to consume = ¾ The equilibrium level of output and income is equal to … Select one: A. R2 580 million. B. R2 220 million. C. R2 640 million. D. R2 160 million. Clear my choice If a country is experiencing a recession, it will cause the … Select one: A. both the demand for goods and the level of output and income output will increase. B. demand for goods to increase and the level of output and income to decrease. C. demand for goods to decrease and the level of output and income to increase. D. both the demand for goods and the level of output and income will decrease. Clear my choice ◄ Discussion Forums  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 12:40 PM Assessment 1 (page 4 of 16) Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 12:51 PM Assessment 1 (page 5 of 16) Question 8 Not yet answered Marked out of 1.00 Question 9 Not yet answered Marked out of 1.00 Given that an economy is at equilibrium at an income level less than full employment in the goods market, an increase in the marginalpropensity to consume will cause a _______ of the demand for goods curve, and a decrease in taxes will cause ______ of the demand for goodscurve. Select one: A. higher vertical intercept; an upward shift B. steeper slope; an upward shift C. steeper slope; a downward shift D. flatter slope; an upward shift Clear my choice This question is based on the following data for a hypothetical country for 2020. Marginal propensity to consume = 0.8 Government spending = R360 billion Taxation = R241 billion An economist calculated the gap between the current level of output and income and the full employment level of income as R100 billion. Which one of the following will ensure that full employment is reached? Select one: A. An increase in government spending of R20 billion. B. A decrease in taxation of R20 billion. C. An increase in government spending of R100 billion. D. An increase in taxation of R100 billion. Clear my choice  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 12:51 PM Assessment 1 (page 5 of 16) ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 12:58 PM Assessment 1 (page 6 of 16) Question 10 Not yet answered Marked out of 1.00 Question 11 Answer saved Marked out of 1.00 This question is based on the following information: Government spending = 150 Taxes = 80 Exports = 300 Imports = 500 Capital inflows = 120 Capital outflows = 170 Which one of the following statements is INCORRECT? Select one: A. A budget deficit of 70 occurs. B. A trade deficit of 200 occurs. C. A budget surplus of 70 occurs. D. The financial account deficit is equal to 50. Clear my choice Given the following consumption function, C = 100 + 0.8Y calculate how much induced consumption spending will decrease if thegovernment increases taxes by R100. Select one: A. R80 B. R100 C. R180 D. R200 Clear my choice D , Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 12:58 PM Assessment 1 (page 6 of 16) ◄ Discussion Forums Jump to... Assessment 2 ► Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 1:01 PM Assessment 1 (page 7 of 16) Question 12 Not yet answered Marked out of 1.00 Question 13 Not yet answered Marked out of 1.00 Given a marginal propensity to consume of 0.6, an increase of 200 in government spending and an increase of 240 in taxes will cause thelevel of output and income to ... Select one: A. decrease by 140. B. increase by 140. C. increase by 160. D. decrease by 160. Clear my choice To counter the impact of a decrease in consumer and investor confidence on the level of output and income, the government can … Select one: A. use expansionary fiscal policy. B. decrease government spending and increase taxes. C. use expansionary monetary policy. D. decrease the interest rate in the economy. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ► Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 1:12 PM Assessment 1 (page 8 of 16) Question 14 Not yet answered Marked out of 1.00 Question 15 Not yet answered Marked out of 1.00 This question is based on the following data for the country GOOD HOPE for 2019. Marginal propensity to consume = 0.2 Total autonomous spending = R1 000 million Government spending = R440 million Government revenue = R500 million Which one of the following statements is INCORRECT? Select one: A. The value of the multiplier is equal to 1,25. B. Total consumption spending at equilibrium cannot be calculated with the information available. C. The equilibrium level of output and income is R1 675 million. D. The budget surplus is R60 million. Clear my choice Which one of the following is correct in terms of the goods market model? Select one: A. T↓ → Z↑ → Y↑ → Y ↑ → C↑ B. i↓ → I↑ → Z↑ → Y↑ C. G↑ → Z↑ → Y↑ → T↑ → Y ↑ → C↑ D. T↓ → Y ↑ → C↑ → Z↑ → Y↑ Clear my choice D D D ◄ Discussion Forums Jump to...  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 1:12 PM Assessment 1 (page 8 of 16) Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 1:26 PM Assessment 1 (page 9 of 16) Question 16 Not yet answered Marked out of 1.00 This question is based on the following diagram. Assume that G and T increase by R100. The equilibrium level of output and income at point c will be __________, and the net effect of the budget balanced on the level ofoutput and income is … Select one: A. 1 100; a decrease of 100. B. 1 200; an increase of 200. C. 1 500; an increase of 500. D. 1 100; an increase of 100. Clear my choice  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 1:26 PM Assessment 1 (page 9 of 16) Question 17 Not yet answered Marked out of 1.00 This question is based on the following information regarding a goods market model: Autonomous consumption = R450 million Investment spending = R150 million Government spending = R200 million Taxes = R200 million Marginal propensity to consume = 0.9 At an equilibrium income level of R6 200 million, the consumption spending is equal to … Select one: A. R6 030m B. R5 850m C. R5 580m D. R6 180m Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 1:31 PM Assessment 1 (page 10 of 16) Question 18 Not yet answered Marked out of 1.00 Which one of the following statements is correct in referring to the balanced budget? Assume that c = 0.6. The government increases its spending by 300 and taxes also, increase by 300, then the … Select one: A. value of the multiplier will be 0.6, and the increase in the level of output and income will be 750 due to the increase ingovernment spending, and the decrease in the level of output and income will be 450 due to the increase in taxes. The net effect is an increase of 300 in the level of output and income. B. increase in the level of output and income will be 750 due to the increase in government spending, and the decrease in thelevel of output and income will be 450 due to the increase in taxes. The net effect is an increase of 300 in the level of outputand income. C. value of the multiplier will be 1.67, and the increase in the level of output and income will be 750 due to the increase ingovernment spending, and the decrease in the level of output and income will be 450 due to the increase in taxes. The neteffect is an increase of 300 in the level of output and income. D. increase in the level of output and income will be 750 due to the increase in government spending, and the increase in thelevel of output and income will be 450 due to the increase in taxes. The net effect is an increase of 300 in the level of outputand income. Clear my choice  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 1:31 PM Assessment 1 (page 10 of 16) Question 19 Not yet answered Marked out of 1.00 The difference between induced consumption and autonomous consumption is that … Select one: A. induced consumption is influenced by the level of disposable income, while the level of income does not influence autonomousconsumption. B. induced consumption reflects the influence of non-income determinants of consumer spending, while autonomous consumption canbe regarded as consumption that is financed from sources other than income. C. induced consumption is influenced by the level of disposable income, while autonomous consumption changes with a change inincome. D. induced consumption is not influenced by the level of disposable income, while the level of income influences autonomousconsumption. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 1:35 PM Assessment 1 (page 11 of 16) Question 20 Not yet answered Marked out of 1.00 Question 21 Not yet answered Marked out of 1.00 Which one of the following statements is correct? Select one: A. Expenditure on the gross domestic product is the total value of spending on final goods and services within the country's borders,including imports but excluding exports. B. Only the exports for final consumption are included in exports, whereas only imports for final consumption are included in imports. C. Imports are included in the GDE but not in the GDP, whereas exports are included in the GDP but not in the GDE. D. GDE is the total value of spending on final and intermediate goods and services within the country's borders, including imports butexcluding exports. Clear my choice If total production is R500 million and aggregate demand is R550 million … Select one: A. Excess supply occurs, and producers will cut back on production until equilibrium is attained. B. Excess demand occurs, and producers will cut back on production until equilibrium is attained. C. Excess demand occurs, and producers will increase production until equilibrium is attained. D. Excess supply occurs, and producers will increase production until equilibrium is attained. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 1:40 PM Assessment 1 (page 12 of 16) Question 22 Not yet answered Marked out of 1.00 In our goods market model, an increase in taxes will result in … Select one: A. an increase in disposable income. B. a decrease in government spending. C. a decrease in autonomous consumption. D. an increase in savings. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ► Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 1:45 PM Assessment 1 (page 13 of 16) Question 26 Not yet answered Marked out of 1.00 Question 24 Not yet answered Marked out of 1.00 Which one of the following statements is INCORRECT? Select one: A. As the level of output and income decreases in the economy, the level of transactions decreases and the demand for moneydecreases. Therefore, a positive relationship exists between the level of output and income and the demand for money in theeconomy. B. The demand for passive balances is related to the choice between keeping money and bonds. Money is the most liquid form in whichwealth can be kept but earns no interest, whereas bonds provide a return but are less liquid. C. The higher the interest rate, the higher is the opportunity cost of holding money and therefore, financial participants will hold moremoney. D. A negative relationship exists between the interest rate and the passive demand for money. Clear my choice Which one of the following statements is correct regarding the financial market? Select one: A. As the level of income and output decreases, the demand for transaction balances increase, which causes a decrease in the quantityof money. B. As the level of income and output decreases, the demand for transaction balances increase, which causes an increase in the quantityof money. C. As the level of income and output increases, the demand for passive balances increase, which causes an increase in the quantity ofmoney. D. As the level of income and output increases, the demand for transaction balances increase, which causes an increase in the quantityof money. Clear my choice ◄ Discussion Forums  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU  3/6/26, 1:45 PM Assessment 1 (page 13 of 16) Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1 MENU 3/6/26, 2:06 PM Assessment 1 (page 14 of 16) Question 25 Not yetanswered Marked out of1.00 Question 26 Not yetanswered Marked out of1.00 Study the following diagram and answer the question. Which one of the following statements is INCORRECT? The diagram illustrates that … Select one: A. that the passive demand for money decreases as the interest rate increases. B. a negative relationship between the interest rate and the quantity of money demanded. C. as the level of output and income decreases, the demand for active balances decreases, and the interest rate increases. D. an increase in the interest rate decreases the quantity of money demanded, which is represented by an upward movement along the M curve. Clear my choice d Which one of the following statements is INCORRECT? Select one: A. Money is created by banks when a loan to a client is approved, and a demand deposit is created against this loan. B. The quantity of money in the economy increases when a bank creates a demand deposit for a client. C. Banks create money through demand deposits. Examples of demand deposits are money and current accounts. D. A demand deposit is a bank deposit that can be withdrawn without notice when a bank client deposits a sum of money with a bank. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1  Dashboard Calendar 3/6/26, 2:15 PM Assessment 1 (page 15 of 16) Question 27 Not yetanswered Marked out of1.00 Question 28 Not yetanswered Marked out of1.00 Study the following diagram and answer the question. The diagram illustrates the impact of … Select one: A. an expansionary monetary policy since the increase in the repo rate increases the interest rate and cost of credit in the economy—consequently, the demand for and thequantity of money decrease. B. a contractionary monetary policy since the increase in the repo rate increases the interest rate and cost of credit in the economy—consequently, the demand for and thequantity of money decrease. C. a contractionary monetary policy since the decrease in the demand for money increases the interest rate and cost of credit in the economy. Consequently, the quantity ofmoney decreases. D. a contractionary monetary policy since the increase in the repo rate increases the interest rate and the cost of credit decreases in the economy—consequently, the demand forand the quantity of money decrease. Clear my choice In the financial market, the impact of the interest rate on the quantity of money is that … Select one: A. a decrease in the interest rate increases the amount of money demanded, and a downward movement along the demand for money curve occurs. As the amount of moneydemanded increases, the quantity of money decreases since the quantity of money is demand determined. B. a decrease in the interest rate increases the amount of money demanded, and the demand for money curve shifts to the right. As the amount of money demanded increases,so does the quantity of money since the quantity of money is demand determined. C. an increase in the interest rate increases the amount of money demanded, and an upward movement along the demand for money curve occurs. As the amount of moneydemanded increases, so does the quantity of money since the quantity of money is demand determined. D. a decrease in the interest rate increases the amount of money demanded, and a downward movement along the demand for money curve occurs. As the amount of moneydemanded increases, so does the quantity of money since the quantity of money is demand determined. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1  Dashboard Calendar 3/6/26, 2:21 PM Assessment 1 (page 16 of 16) Question 29 Not yetanswered Marked out of1.00 Question 30 Not yetanswered Marked out of1.00 Endogenously determined money implies that … Select one: A. an increase in the money demand leads to a decrease in the quantity of money. B. a decrease in the quantity of money leads to an increase in the money demand. C. an increase in the money demand leads to an increase in the quantity of money. D. a decrease in the quantity of money leads to a decrease in the money demand. Clear my choice To calculate an individual's financial wealth, the following different kinds of assets will form part of it: Select one: A. Bonds, gold coins, dividends received from shares and the outstanding balance on his/her home loan. B. Cash, bonds, shares, the value of his/her paintings and gold coins. C. Salary, balance on a cheque account, bonds and dividends received from shares. D. Balance on cheque account, cash, bonds, shares, salary, the value of his/her house and paintings. Clear my choice ◄ Discussion Forums Jump to... Assessment 2 ►  Dashboard / Courses / UNISA / 2026 / Semester 1 / ECS2602-26-S1 / Welcome to the ECS2602_2026 semester site / Assessment 1  Dashboard Calendar LET US HELP YOU WITH YOUR STUDIES? now!! Guaranteed Quality Grades!! 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This document is to be used for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means. Disclaimer Extreme care has been used to create this document, however the contents are provided “as is” without any representations or warranties, express or implied. The author assumes no liability as a result of reliance and use of the contents of this document. This document is to be used for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means. Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 1 Not yet answered Marked out of 1.00 Which one of the following statements is INCORRECT? Select one: O A. Real GDP is the most used indicator of the country's total economic activity during a specific year. O B. Real GDP is the most used measure of how much output was produced in a country during a specific year. O C. Given the recession that most countries experienced in 2020, the level of GDP in these countries would have decreased. @ D. If the population increases faster than the real GDP, the real per capita GDP will increase. Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question & Not yet answered Marked out of 1.00 Which one of the following statements is correct? Select one: O A If the total nominal output increase by 2% during a specific year, and the general price level increases by 4%, the real GDP will decrease, and the nominal GDP will increase. @ B. Economic growth and unemployment are areas on which macroeconomics focus in contrast with the aggregate output level and employment level on which microeconomics focus. O C. In this module, we only study the demand side of the economy, which includes the goods market and the financial market. The labour market forms part of the supply side analysis and is therefore excluded from this module. O D. If the unemployment rate in South Africa is 25.3%, it means that 25.3% of the total population does not work. Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question Not yet answered Marked out of 1.00 Which of the following are endogenous variables in the goods market model? Select one: O A. The level of output and income and investment spending. O B. Investment spending. O C Marginal propensity to consume and the level of output and income. @® D. The level of output and income. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question “4 Not yet answered Marked out of 1.00 Which one of the following statements is correct? Select one: @ A. Imports are included in the GDE but not in the GDP, whereas exports are included in the GDP but not in the GDE. O B. Expenditure on the gross domestic product is the total value of spending on final goods and services within the country's borders, including imports but excluding exports. O C. GDE is the total value of spending on final and intermediate goods and services within the country's borders, including imports but excluding exports. O D. Only the exports for final consumption are included in exports, whereas only imports for final consumption are included in imports. Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question Not yet answered Marked out of 1.00 The difference between expenditure on the gross domestic product and gross domestic expenditure (GDE} is that ... Select one: O A. expenditure on the gross domestic product includes imports and excludes exports, while GDE includes exports and excludes imports. O B. expenditure on the gross domestic product includes exports and excludes imports, while GDE includes both imports and exports. O C. expenditure on the gross domestic product includes both imports and exports, while GDE includes exports and excludes imports. @® D. expenditure on the gross domestic product includes exports and excludes imports, while GDE includes imports and excludes exports. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question © Not yet answered Marked out of 1.00 Which one of the following statements is INCORRECT? In our goods market model, an increase in the demand for goods implies ... Select one: O A. a decrease in unemployment. O B. an increase in the level of output and income. @ C. adecrease in savings. O D. an increase in the level of employment. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question £ Not yet answered Marked out of 1.00 Which one of the following is correct in terms of the goods market model? Select one: OATL=ZTY T = Ypt= C1 @B.TL-Ypt =Cl=ZT = Y1 OCG —=Z1=Y1=Tt=Yp=l C 1 ODil—=1—Z1-Y1 Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question © Not yet answered Marked out of 1.00 This question is based on the following consumption function: C = 300 + 0.4Yp If the level of disposable income (Yp) were to increase by 100, the level of autonomous consumption would be: Select one: ® A 300 O B.400 O C.340 O D. 100 Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question IF Not yet answered Marked out of 1.00 Given the following consumption function, C = 200 + 0.5Y calculate how much induced consumption spending will decrease if the government increases taxes by R200. Select one: O A R300 O B.R200 ® C. R100 O D.R50 Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 1Y Not yet answered Marked out of 1.00 In the goods market model, an increase in consumer and investor confidence is represented by ... Select one: O A a steeper demand for goods curve, and the equilibrium level of output and income increases. O B. a flatter demand for goods curve, and the equilibrium level of output and income decreases. @® C. an upward shift of the demand for goods curve and the multiplier effect increases the level of output and income. O D. a downward shift of the demand for goods curve and via the multiplier effect, the level of output and income declines. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 1 1 Not yet answered Marked out of 1.00 In the goods market model, a decrease in taxes will result in __ and an increase in government spending will result in __. Select one: O A. a downward shift of the ZZ curve; an upward shift of the ZZ curve @® B. an upward shift of the ZZ curve; an upward shift of the ZZ curve O C. a decrease in autonomous consumption; an increase in autonomous consumption O D. an increase in autonomous consumption; an increase in disposable income Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 1& Not yet answered Marked out of 1.00 If total production is R500 million and aggregate demand is R550 million ... Select one: O A. Excess supply occurs, and producers will cut back on production until equilibrium is attained. @ B. Excess demand occurs, and producers will increase production until equilibrium is attained. O C. Excess demand occurs, and producers will cut back on production until equilibrium is attained. O D. Excess supply occurs, and producers will increase production until equilibrium is attained. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 12 Not yet answered Marked out of 1.00 Given a marginal propensity to consume of 0.6, an increase of 200 in government spending and an increase of 240 in taxes will cause the level of output and income to ... Select one: O A decrease by 160. O B. decrease by 140. @® C. increase by 140. O D. increase by 160. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question I Not yet answered Marked out of 1.00 This question is based on the following diagram regarding a goods market model for a closed economy without a government sector: The equilibrium level of output and income is equal to ... Select one: O A R729 million O B. Itis not possible to calculate the equilibrium level of output and income O C. R900 million @ D. R8 100 million Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 13 Not yet answered Marked out of 1.00 This question is based on the following data for the country GOOD HOPE for 2019. Marginal propensity to consume = 0.2 Total autonomous spending = R1 000 million Government spending = R440 million Government revenue = R500 million Which one of the following statements is INCORRECT? Select one: O A. Total consumption spending at equilibrium cannot be calculated with the information available. O B. The value of the multiplier is equal to 1,25. O C. The budget surplus is R60 million. @ D. The equilibrium level of output and income is R1 675 million. Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 1G Not yet answered Marked out of 1.00 This question is based on the following information: Marginal propensity to consume = 0.8 Multiplier = 5 Which one of the following policy actions will increase the level of output and income by R1 000? Select one: O A. An increase in government spending of R1 000. @ B. A decrease in taxation of R250. O C. A decrease in taxation of R200. O D. An increase in government spending of R160. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 1 £ Not yet answered Marked out of 1.00 Which one of the following statements is correct, referring to the balanced budget? Assume that ¢ = 0.6. The government increases its spending by 300, and taxes also increase by 300. Select one: O A. The increase in the level of output and income will be 750 due to the increase in government spending and the increase in taxes. The net effect is an increase of 300 in the level of output and income. @ B. The increase in the level of output and income will be 750 due to the increase in government spending, and the decrease in the level of output and income will be 450 due to the increase in taxes. The net effect is an increase of 300 in the level of output and income. O C. The increase in the level of output and income will be 498 due to the increase in government spending, and the decrease in the level of output and income will be 299 due to the increase in taxes. The net effect is an increase of 199 in the level of output and income. O D. The increase in the level of output and income will be 750 due to the increase in government spending, and the increase in the level of output and income will be 450 due to the increase in taxes. The net effect is an increase of 300 in the level of output and income. Clear my choice - Discussion Forums ° Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 10 Not yet answered Marked out of 1.00 This question is based on the following diagram. Assume that G and T increase by R100. The equilibrium level of output and income at point b will be and at point ¢ it will be Select one: O A. 1800; 1700 O B. 1500; 1400 O C. 1100; 1500 @® D. 1500; 1100 Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question 17 Not yet answered Marked out of 1.00 Money, which can be used for transactions, includes ... Select one: O A. financial investment, shares, coins and notes and checkable deposits. O B. income, interest received from bonds, shares and money. O C. income, bonds, shares, checkable deposits, coins and notes. @® D. coins and notes and checkable deposits. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question &Y Not yet answered Marked out of 1.00 Which one of the following statements is correct? Select one: O A. The higher the interest rate, the higher is the passive demand for money. O B. The level of transactions needed by people in the economy will influence the demand for both active and passive balances. O C. Both the demand for active and passive balances are determined by the economy's output and income level. @® D. There are different motives for holding money, and therefore we can distinguish between the demand for active balances and the demand for passive balances. Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question & 1 Not yet answered Marked out of 1.00 Study the following two diagrams and answer the following question. Diagram A: IN a3 (dor vy M Mi « 3 (vy) ¢ MyM Which one of the following statements is INCORRECT? " Select one: @ A. Diagram B illustrates that as the level of income decreases, the demand for passive balances decreases as financial participants wish to do fewer transactions. O B. Diagram A illustrates that an increase in the interest rate decreases the quantity of money demanded, and this is represented by an upward movement along the M9 curve. O C. Diagram B illustrates that as the level of income decreases, the demand for active balances decreases as financial participants wish to do fewer transactions. O D. Diagram A illustrates that as the interest rate increases, the quantity of money demanded decreases; therefore, a negative relationship exists between the interest rate and the quantity of money demanded. Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question && Not yet answered Marked out of 1.00 The demand for money in an economy depends on the with a positive relationship and on the with a negative relationship. Select one: O A. interest rate; level of output and income @ B. level of output and income; interest rate O C interest rate; quantity of money O D. quantity of money; interest rate Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question £2 Not yet answered Marked out of 1.00 Which one of the following statements is INCORRECT? In this module, a lower interest rate decreases the cost of credit and as more credit is extended to households and firms, the money demand and the quantity of money increase. Therefore, according to this interpretation ... Select one: O A. we follow the demand-determined money approach. O B. we follow the exogenously determined money approach. O C. an increase in the money demand leads to an increase in the quantity of money. @ D. there is no independent money supply curve since the quantity of money depends on the money demand and the interest rate (the cost of credit). Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question & «4 Not yet answered Marked out of 1.00 Which one of the following statements is INCORRECT? Select one: O A Itis through the accommodation policy, the SARB provides financing to banks that require short-term liquidity. O B. The repo rate is the policy interest rate in South Africa, and all other market interest rates such as the prime lending rate generally follow changes in the repo rate. O C. If banks experience short-term liquidity shortages, they can borrow money at the repo rate from the SARB. @ D. The banks in South Africa are obliged to hold a minimum of 5% of their total liabilities to the public in the form of cash reserves with the South African Reserve Bank (SARB). Clear my choice - Discussion Forums Jump to... Assessment 2 = Dashboard / My courses / ECS2602-22-S2 / Welcometo the ECS-S2 Site: "Macroeconomics" / Assessment 1 Question & 2 Not yet answered Marked out of 1.00 Which one of the following statements is INCORRECT? In our financial market model ... Select one: O A. a decrease in the repo rate decreases the interest rate and cost of credit in the economy, and consequently, the demand for and the quantity of money increase. O B. the SARB influences the quantity of money in the economy directly by influencing the cost of credit, and therefore the demand for money through changing the repo rate. @® C. a lower interest rate on bank loans to clients will increase demand deposits and the quantity of money increases. O D. the central bank will implement an expansionary monetary policy by decreasing the repo rate to stimulate the economy. Clear my choice - Discussion Forums (A) Jump to... Assessment 2 = Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Which one of the following statements is INCORRECT? Select one: @® A. If the population increases faster than the real GDP, the real per capita GDP will increase. O B. Given the recession that most countries experienced in 2020, the level of GDP in these countries would have decreased. O C. Real GDP is the most used measure of how much output was produced in a country during a specific year. O D. Real GDP is the most used indicator of the country's total economic activity during a specific year. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Which one of the following statements is correct? Select one: O A. If the unemployment rate in South Africa is 25.3%, it means that 25.3% of the total population does not work. O B. If the total nominal output increase by 2% during a specific year, and the general price level increases by 4%, the real GDP will decrease, and the nominal GDP will increase. @ C. In this module, we only study the demand side of the economy, which includes the goods market and the financial market. The labour market forms part of the supply side analysis and is therefore excluded from this module. © D. Economic growth and unemployment are areas on which macroeconomics focus in contrast with the aggregate output level and employment level on which microeconomics focus. Clear my choice -« Discussion Forums Jump to... Assessment 2 » Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Which one of the following statements is correct? An autonomous (or exogenous) variable in our model means that the variable ... Select one: @ A. is determined by factors such as business confidence, regulations and political influences. O B. increases if income in the economy increases. O C. decreases if income in the economy decreases. O D. is determined by the level of income or output in the economy. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Gross domestic expenditure (GDE), which is the total value of spending on final goods and services within the borders of a country ... Select one: O A. excludes imports but includes exports. @ B. includes imports but excludes exports. O C. includes both imports and exports. O D. excludes both imports and exports. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 The difference between expenditure on the gross domestic product and gross domestic expenditure (GDE) is that ... Select one: O A. expenditure on the gross domestic product includes imports and excludes exports, while GDE includes exports and excludes imports. O B. expenditure on the gross domestic product includes exports and excludes imports, while GDE includes both imports and exports. O C. expenditure on the gross domestic product includes both imports and exports, while GDE includes exports and excludes imports. @ D. expenditure on the gross domestic product includes exports and excludes imports, while GDE includes imports and excludes exports. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Which one of the following statements is INCORRECT? In our goods market model, an increase in the demand for goods implies ... Select one: @ A an increase in unemployment. O B. an increase in output. O C. an increase in income. O D. an increase in the level of employment. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Which one of the following is INCORRECT in terms of the goods market model? Select one: OAct—=Zt-Yt Ypt=» Ct OB. It=YtZ tYpt =» Ct @®CTL Y-t Z Yptt - Ct O D.Gt -Zt - Yt Ypt = Ct Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Autonomous consumption will ... Select one: @ A. remain unchanged and is independent of the level of income. QO B. increase if income increases. O C. decrease if income decreases. O D. change the level of output and income. Clear my choice -« Discussion Forums Jump to... Assessment 2 » Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Given the following consumption function, C = 200 + 0.5Yp, calculate how much induced consumption spending will decrease if the government increases taxes by R200. Select one: @® A.R100 O B. R200 O C.R50 O D.R300 Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 In the goods market model, an increase in consumer and investor confidence is represented by ... Select one: O A. a downward shift of the demand for goods curve and via the multiplier effect, the level of output and income declines. O B. a flatter demand for goods curve, and the equilibrium level of output and income decreases. @ C. an upward shift of the demand for goods curve and the multiplier effect increases the level of output and income. O D. a steeper demand for goods curve, and the equilibrium level of output and income increases. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 In the goods market model, a decrease in taxes will result in __ and an increase in government spending will result in __. Select one: O A. an upward shift of the ZZ curve; an upward shift of the ZZ curve O B. an increase in autonomous consumption; an increase in disposable income O C. a downward shift of the ZZ curve; an upward shift of the ZZ curve @ D. a decrease in autonomous consumption; an increase in autonomous consumption Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 If Z Y, it means that there is: Select one: O A. An excess supply of goods: YI-Cl-2Zl @® B. An excess demand for goods: YT Ct Zt O C. An excess demand for goods: YI-Cl-1Z1 O D. An excess supply of goods: Yi-Ct Zl Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Assume that the marginal propensity to consume is equal to 0.8. Which one of the following policy actions will increase the level of output and income by R1 000 in the goods market? Select one: @ A. An increase in government spending of R200. O B. An increase in taxation of R250. O C. A decrease in government spending of R1 000. QO D. A decrease in taxation of R200. Clear my choice -« Discussion Forums Jump to... Assessment 2 » Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Given the following information, answer the question. Autonomous consumption = R100 million Investment spending = R300 million Government spending = R200 million Taxes = R60 million Marginal propensity to consume = ¥% The equilibrium level of output and income is equal to ... Select one: @® A. R2 160 million. O B. R2 640 million. O C.R2 580 million. O D.R2 220 million. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Given the following information, answer this question. Autonomous consumption = R100 million Investment spending = R300 million Government spending = R200 million Taxes = R60 million Marginal propensity to consume = ¥% Which one of the following statements is correct? Select one: O A. Consumer spending will decrease by R7.5 million if the government increases taxes from R60 to R80 million. O B. The multiplier = 1,33. @ C. Autonomous spending = R660. O D. The marginal propensity to consume of % means that in the first round, if AY = 100, A C = 75. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 This question is based on the following data for a hypothetical country for 2020. Marginal propensity to consume = 0.8 Government spending = R360 billion Taxation = R241 billion An economist calculated the gap between the current level of output and income and the full employment level of income as R100 billion. Which one of the following will ensure that full employment is reached? Select one: O A. An increase in government spending of R100 billion. O B. An increase in taxation of R100 billion. @® C. An increase in government spending of R20 billion. QO D. A decrease in taxation of R20 billion. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Which one of the following statements is correct, referring to the balanced budget? Assume that c¢ = 0.6. The government increases its spending by 300, and taxes also increase by 300. Select one: @ A. The increase in the level of output and income will be 750 due to the increase in government spending, and the increase in the level of output and income will be 450 due to the increase in taxes. The net effect is an increase of 300 in the level of output and income. O B. The increase in the level of output and income will be 498 due to the increase in government spending, and the decrease in the level of output and income will be 299 due to the increase in taxes. The net effect is an increase of 199 in the level of output and income. O C. The increase in the level of output and income will be 750 due to the increase in government spending, and the decrease in the level of output and income will be 450 due to the increase in taxes. The net effect is an increase of 300 in the level of output and income. O D. The increase in the level of output and income will be 750 due to the increase in government spending and the increase in taxes. The net effect is an increase of 300 in the level of output and income. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 This question is based on the following diagram. Assume that G and T increase by R100. A IH E. 0 1000 The equilibrium level of output and income at point cwillbe _______, and the net effect of the budget balanced on the level of output and income is ... Select one: O A. 1500; an increase of 500. @ B. 1100; an increase of 100. O C. 1100; a decrease of 100. O D. 1200; an increase of 200. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 To calculate an individual's financial wealth, the following different kinds of assets will form part of it: Select one: @® A. Cash, bonds, shares, the value of his/her paintings and gold coins. O B. Bonds, gold coins, dividends received from shares and the outstanding balance on his/her home loan. O C. Balance on cheque account, cash, bonds, shares, salary, the value of his/her house and paintings. O D. Salary, balance on a cheque account, bonds and dividends received from shares. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Which one of the following statements is INCORRECT? Select one: @ A. The higher the interest rate, the higher is the opportunity cost of holding money and therefore, financial participants will hold more money. O B. As the level of output and income decreases in the economy, the level of transactions decreases and the demand for money decreases. Therefore, a positive relationship exists between the level of output and income and the demand for money in the economy. O C. A negative relationship exists between the interest rate and the passive demand for money. O D. The demand for passive balances is related to the choice between keeping money and bonds. Money is the most liquid form in which wealth can be kept but earns no interest, whereas bonds provide a return but are less liquid. Clear my choice -« Discussion Forums Jump to... Assessment 2 » Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Study the following diagram and answer the question. M3 gor vy) M Which one of the following statements is INCORRECT? The diagram illustrates that ... Select one: O A. that the passive demand for money decreases as the interest rate increases. O B. a negative relationship between the interest rate and the quantity of money demanded. @ C. an increase in the interest rate decreases the quantity of money demanded, which is represented by an upward movement along the Md curve. O D. as the level of output and income decreases, the demand for active balances decreases, and the interest rate increases. Clear my choice -« Discussion Forums Jump to... Assessment 2 Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 The demand for money in an economy depends on the with a positive relationship and on the with a negative relationship. Select one: @ A. interest rate; level of output and income OB. quantity of money; interest rate O C. level of output and income; interest rate OD. interest rate; quantity of money Clear my choice -« Discussion Forums Jump to... Assessment 2 » Dashboard / Courses / UNISA / 2022 / Semester? / ECS2602-22-S2 / Welcome to the ECS-52 Site: "Macroeconomics" / Assessment 1 Marked out of 1.00 Endogenously determined money implies that ... Select one: O A. an increase in the money demand leads to an increase in the quantity of money. O B. a decrease in the quantity of money leads to a decrease in the money demand. O C. an increase in the money demand leads to a decrease in the quantity of money. @ D. a decrease in the quantity of money leads to an increase in the money demand. Clear my choice -« Discussion Forums Jump to... Assessment 2 ORDER OF QUESTIONS MAY DIFFER —————————————————————————————————————————— Which one of the following statements is correct? Select one: © A. Economic growth and unemployment are areas on which macroeconomics focus in contrast with the aggregate output level and employment level on which microeconomics focus. @ B. If the total nominal output increase by 2% during a specific year, and the general price level increases by 4%, the real GDP will decrease, and the nominal GDP will increase. © C. In this module, we only study the demand side of the economy, which includes the goods market and the financial market. The labour market forms part of the supply side analysis and is therefore excluded from this module. 0 D.If the unemployment rate in South Africa is 25.3%, it means that 25.3% of the total population does not work. Which one of the following is an example of a stabilisation policy? Select one: OA. Labour market policies aimed to increase the productivity of labour. @® B. Inflation targeting. O C. Tariffs on imports. © D. Expansionary monetary policy during a recession. Question 1 Answer saved Marked out of 1.00 Flag question Question 2 Answer saved Marked out of 1.00 ¥ Fag question Disclaimer Extreme care has been used to create this document, however the contents are provided “as'is” without any representations or warranties, express or implied. This document is to betused for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the author. Question 3 Answer saved This question is based on the following information: Marked out of 1.00 Marginal propensity to consume = 0.8 2 Flag question Multiplier = 5 Which one of the following policy actions will increase the level of output and income by R1 0007 Select one: © A. An increase in government spending of R1 000. © B. An increase in government spending of R160. © C. A decrease in taxation of R200. ® D. A decrease in taxation of R250. Question 4 . . . Answer saved In the goods market model, a decrease in taxes will result in ... Marked out of 1.00 ¥ Flag question Select one: A. an increase in autonomous consumption. @® B. an increase in disposable income. © C. a downward shift of the ZZ curve. (© D. a decrease in induced consumption. Disclaimer. Extreme care has been used to create this document, however the contents are provided “as'is” without any representations or warranties, express or implied. This document is to betused for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the author. _-————-——————a————— : Question B Answer saved Given the following information, answer this question. Marked out of 1.00 Autonomous consumption spending = R100 million ) ¥ Flag question Investment spending = R300 million Government spending = R300 million Taxes = R60 million Marginal propensity to consume = 3% Level of full employment = R2 860 million The equilibrium level of output and income is equal to ... Select one: O A.R2 620 million OB. R3 275 million OC. R2 860 million @® D.R2 560 million | Question © ; : . Not yet answered Expenditure on the gross domestic product is ... Marked out of 1.00 " Flag question Select one: © A. total value of all final goods and services produced within the boundaries of a country in a particular period and therefore exclude imports of goods and services. @ B. the same as the demand for domestic goods. © C. the same as the domestic demand for goods. ©) D. spending on goods and services produced inside a country's borders, including imports and excluding exports. Disclaimer Extreme care has been used to create this document, however the contents are provided “as'is” without any representations or warranties, express or implied. This document is to betused for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any means without prior written permission from the author. EE —— Question 7 . PE . y . ) ; i Not yet answered Given the following consumption function, C = 100 + 0.6Yp, calculate how much induced consumption spending will decrease If the government increases taxes by R100. Marked out of 1.00 ¥ Flag question Select one: © A R100 @® B.R60 O C. R40 © D.R160 Question 8 Not yet answered Autonomous consumption will ... Marked out of 1.00 Flag question Select one: O A. increase if income increases. © B. decrease if income decreases. O C. change the level of output and income. @® D. remain unchanged and is independent of the level of income. | ; Question 9 Not yet answered If Z = Y, it means that there is: Marked out of 1.00 ¥ Flag question Select one: @® A. An excess demand for goods: YT = Cr = 21 O B. An excess demand for goods: Yi-Cl—=7l O C. An excess supply of goods: ¥l—=Cl—=71 © D. An excess supply of goods: YL + CT = Zl Disclaimer Extreme care has been used to create this document, however the contents are provided “as'is” without any representations or warranties, express or implied. This document is to betused for comparison, research and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any form or by any Read less