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ECS1601-25-EX10A

ECS1601-25-EX10A

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Which of the following could be expected should government plan to apply an expansionary fiscal policy?

a decrease in government spending.

a decrease in the interest rate.

an increase in the budget deficit.

an increase in the tax rate.

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If Thuli quit her job as a cashier to study full time to become an economist, we may conclude that she is ___________.

frictionally unemployed

in the unemployment pool

not in the labour force

structurally unemployed

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Economic growth is a measure in the growth of real GDP. Which one of the following countries experienced the highest economic growth?

South Africa experienced a 1,5% increase in nominal GDP and inflation of 6%.

India experienced a 10,5% growth in nominal GDP with a 9,3% inflation.

Ghana experienced an increase of 4,4% in real GDP with inflation of almost 1%.

The United States experienced 2,1% growth in real GDP with inflation of almost 0%.

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If GDP is less than GDE (gross domestic expenditure), then …

the country is consuming less than it is producing.

the country has a surplus on the current account.

the country is a net exporter.

exports are less than imports.

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Use the figure below to answer questions:

The upwards movement from A to A’ can result from…

a decrease in taxes.

a decrease in interest rate.

an increase in interest rate.

an increase in taxes.

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Which of the following variables will not influence the quantity of money that an individual demands?

the income level

the interest rate level

the price level

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What could the SARB do to lessen the effect of the depreciating rand?

supply less USD to the market.

decrease the domestic interest rate.

supply more ZAR to the market.

supply more USD to the market.

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The circular flow of income and spending reveals that an increase in South African exports will…

increase income to South African economy and increase income to South African producers of goods and services.

increase spending on South African imports by more than the spending on exports.

decrease output and income in the rest of the world.

increase income to foreign firms and increase income to foreign factors of production.

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The questions below are based on the following information:

Autonomous consumption C = R 300

Autonomous investment I = R 200

Government expenditure G = R 600

Autonomous net exports X-Z= - R 100

Marginal propensity to save = 1/7

Tax rate t = 1/8

Full employment level = R 6000

The equilibrium level of income is

The value of the multiplier is

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If the Reserve Bank wants to pursue a contractionary monetary policy, the bank should _____________.

lower interest rates and sell securities

raise interest rates and sell securities

lower interest rates and buy securities

raise interest rates and buy securities

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