10/11/22, 12:07 AM Assessment 5: Attempt review
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Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
Started on Monday, 10 October 2022, 11:27 PM
State Finished
Completed on Tuesday, 11 October 2022, 12:06 AM
Time taken 38 mins 49 secs
Marks 17.00/18.00
Grade 94.44 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Suppose that Y = C + I + G + X – Z. Which of the following can be illustrated by a rightward shift of the AD curve?
(a) Increased technological innovation and political stability.
(b) A boom in major economies such as China, which are South Africa’s major trading partners.
(c) Depreciation of the local currency against the world’s major currencies due to speculation.
a. Only (a) is correct
b. Only (c) is correct
c. All (a), (b) and (c) are correct
d. Only (a) and (b) are correct
e. Only (b) and (c) are correct
Refer to section 9.1 of the prescribed textbook.
Question 2
Correct
Mark 1.00 out of 1.00
Suppose the price of crude oil increases. The AS curve would shift _____, leading to a/an_____in the price level and a/an _____in output and
income.
a. left; increase; fall
b. right; decrease; rise
c. upward along the AS curve; increase; increase
d. left; decrease; increase
Refer to section 9.1 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 1/11
,10/11/22, 12:07 AM Assessment 5: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
MENU
Suppose that the central bank reduces the repo rate. What will happen in the AD-AS model?
Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
(a) Investment decreases
(b) Aggregate demand increases
(c) Consumption increases
(d) Income decreases
(e) Prices increase
a. Only b, c and e are correct.
b. Only a, d and e are correct.
c. All a, b, c, d and e are correct.
d. Only a, b, c and d are correct.
e. Only a and d are correct.
Refer to section 9.2 of the prescribed textbook.
Question 4
Correct
Mark 1.00 out of 1.00
Expansionary demand management policy measures tend to …
a. increase the real GDP, but reduce inflation.
b. increase both inflation and the level of unemployment.
c. increase the production cost, which will decrease total production.
d. increase both the real GDP and inflation.
Refer to sections 9.1 and 9.2 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 2/11
,10/11/22, 12:07 AM Assessment 5: Attempt review
Question 5
Correct
Mark 1.00 out of 1.00
MENU
Use the following figures to answer the question:
Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
Based on the above figures, which of the following statements is/are correct?
(1) Figure 1 illustrates a decrease in tax while figure 2 illustrates an increase in the cost of capital.
(2) Figure 1 illustrates a decrease in net exports while figure 2 illustrates a decrease in capital costs.
a. (1) and (2) are correct
b. only (2) is correct
c. only (1) is correct
d. both (1) and (2) are incorrect.
Refer to section 9.1 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 3/11
, 10/11/22, 12:07 AM Assessment 5: Attempt review
Question 6
Correct
Mark 1.00 out of 1.00
MENU
The question is based on the following diagrams, which show the aggregate demand and supply curves.
Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
Which of the following best demonstrate a movement that would result from the social relief grants offered to households that were
negatively affected by the COVID-19 induced lockdown?
a. b to c on figure 3
b. b to c on figure 2
c. a to c on figure 4
d. b to c on figure 1
Refer to section 9.1 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 4/11
MENU
Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
Started on Monday, 10 October 2022, 11:27 PM
State Finished
Completed on Tuesday, 11 October 2022, 12:06 AM
Time taken 38 mins 49 secs
Marks 17.00/18.00
Grade 94.44 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
Suppose that Y = C + I + G + X – Z. Which of the following can be illustrated by a rightward shift of the AD curve?
(a) Increased technological innovation and political stability.
(b) A boom in major economies such as China, which are South Africa’s major trading partners.
(c) Depreciation of the local currency against the world’s major currencies due to speculation.
a. Only (a) is correct
b. Only (c) is correct
c. All (a), (b) and (c) are correct
d. Only (a) and (b) are correct
e. Only (b) and (c) are correct
Refer to section 9.1 of the prescribed textbook.
Question 2
Correct
Mark 1.00 out of 1.00
Suppose the price of crude oil increases. The AS curve would shift _____, leading to a/an_____in the price level and a/an _____in output and
income.
a. left; increase; fall
b. right; decrease; rise
c. upward along the AS curve; increase; increase
d. left; decrease; increase
Refer to section 9.1 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 1/11
,10/11/22, 12:07 AM Assessment 5: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
MENU
Suppose that the central bank reduces the repo rate. What will happen in the AD-AS model?
Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
(a) Investment decreases
(b) Aggregate demand increases
(c) Consumption increases
(d) Income decreases
(e) Prices increase
a. Only b, c and e are correct.
b. Only a, d and e are correct.
c. All a, b, c, d and e are correct.
d. Only a, b, c and d are correct.
e. Only a and d are correct.
Refer to section 9.2 of the prescribed textbook.
Question 4
Correct
Mark 1.00 out of 1.00
Expansionary demand management policy measures tend to …
a. increase the real GDP, but reduce inflation.
b. increase both inflation and the level of unemployment.
c. increase the production cost, which will decrease total production.
d. increase both the real GDP and inflation.
Refer to sections 9.1 and 9.2 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 2/11
,10/11/22, 12:07 AM Assessment 5: Attempt review
Question 5
Correct
Mark 1.00 out of 1.00
MENU
Use the following figures to answer the question:
Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
Based on the above figures, which of the following statements is/are correct?
(1) Figure 1 illustrates a decrease in tax while figure 2 illustrates an increase in the cost of capital.
(2) Figure 1 illustrates a decrease in net exports while figure 2 illustrates a decrease in capital costs.
a. (1) and (2) are correct
b. only (2) is correct
c. only (1) is correct
d. both (1) and (2) are incorrect.
Refer to section 9.1 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 3/11
, 10/11/22, 12:07 AM Assessment 5: Attempt review
Question 6
Correct
Mark 1.00 out of 1.00
MENU
The question is based on the following diagrams, which show the aggregate demand and supply curves.
Dashboard / My courses / ECS1601-22-S2 / Online assessments / Assessment 5
Which of the following best demonstrate a movement that would result from the social relief grants offered to households that were
negatively affected by the COVID-19 induced lockdown?
a. b to c on figure 3
b. b to c on figure 2
c. a to c on figure 4
d. b to c on figure 1
Refer to section 9.1 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6148658&cmid=213770 4/11
