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ECS1601-25-Y
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Which one of the following statements is correct about the South African government’s action to stimulate economic activities since the Covid-19 pandemic?
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Expansionary fiscal policy refers to……………, while restrictive fiscal policy refers to ……………
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The Ethekwini Municipality is an example of
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Monetary policy is said to be……… if the SARB ………. the repo rate.
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Which one of the following does not represent money as a medium of exchange?
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The quantity of money in an economy is …
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The commercial bank’s ability to create money is decreased when…
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Which one of the following statements is true about the South African Reserve Bank?
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The South African Reserve Bank (SARB) uses ___________ as an instrument to maintain price stability.
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Which of the following statements is/are incorrect with regard to the main purpose of economic theory?
a) Economic theory aims to capture every detail of a phenomenon under study.
b) Economic theory explains how the real economy functions.
c) Economic theory aims to predict changes in economic conditions and its impact on the whole economy.
d) Economic theory serves as an underpinning for the formulation and analysis of economic policies.❌
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