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Ecs1601 Assignment 7 semester 2 2022
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Ecs1601 Assignment 7 semester 2 2022 The document contains all Assignment 7 questions together with the answers Distinction guaranteed 6 attempts done
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11/10/22, 2:04 PM Assessment 7: Attempt reviewMENU
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Started on Thursday, 10 November 2022, 1:25 PM
State Finished
Completed on Thursday, 10 November 2022, 2:04 PM
Time taken 39 mins 17 secs
Marks 26.00/30.00
Grade 86.67 out of 100.00
Question 1
Incorrect
Mark 0.00 out of 1.00
In the Keynesian model including the government and foreign sectors, imports are dependent on …
Select one:
a. investment.
b. exchange rates.
c. interest rates.
d. domestic income.
The correct answer is: domestic income.
Question 2
Correct
Mark 1.00 out of 1.00
In the Keynesian model, government expenditure …
Select one:
a. increases with investment because investment increases the size of the tax base.
b. is determined by the level of tax revenue.
c. is undertaken solely to regulate the level of spending.
d. can be ignored because investment is taken to be the key determinant of income.
e. is taken to be autonomous because it is subject to government policy.
The correct answer is: is taken to be autonomous because it is subject to government policy.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6462145&cmid=213776 1/16
,11/10/22, 2:04 PM Assessment 7: Attempt review
Question 3
Correct
Mark 1.00 out of 1.00
MENU
The question is based on the information below:
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
If the Keynesian consumption function is C = 100 + 0.2 Y and disposable income is R 10 000, then:
The amount of total saving is
Answer:
R7 900
The correct answer is: R7 900
Question 4
Incorrect
Mark 0.00 out of 1.00
Which one of the following is correct regarding contractionary fiscal policy in the Keynesian model? It will…
Select one:
a. increase inventories.
b. decrease inventories.
c. increase investment.
d. decrease investment.
The correct answer is: increase inventories.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6462145&cmid=213776 2/16
,11/10/22, 2:04 PM Assessment 7: Attempt review
Question 5
Correct
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MENU
Use a Keynesian model to calculate the answer.
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Full employment output = 80 million
Investment = 20 million
Autonomous consumption = 15 million
The marginal propensity to consume = 0,6
Given the above information, if the marginal propensity to save increases by 0,10, what will the equilibrium level of income be?
Answer:
70 million
The correct answer is: 70 million
Question 6
Correct
Mark 1.00 out of 1.00
When the SARB decreases the interest rates, investment spending will increase, which will lead to an increase in aggregate spending and
aggregate demand in the economy. This chain of events is called …
Select one:
a. monetary policy transmission mechanism.
b. transmission mechanism of contractionary monetary policy.
c. transmission mechanism of contractionary fiscal policy.
d. fiscal policy transmission mechanism.
The correct answer is: monetary policy transmission mechanism.
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, 11/10/22, 2:04 PM Assessment 7: Attempt review
Question 7
Correct
Mark 1.00 out of 1.00
MENU
In the AD-AS model, the aggregate demand curve shows…
Dashboard / Courses / UNISA / 2022 / Semester 2 / ECS1601-22-S2 / Online assessments / Assessment 7
Select one:
a. the relationship between the quantity demanded and price of a good or service.
b. the relationship between the general price level and the level of total expenditure.
c. the positive relationship between the price level and real GDP.
d. the relationship between the quantity demanded and the quantity supplied.
The correct answer is: the relationship between the general price level and the level of total expenditure.
Question 8
Correct
Mark 1.00 out of 1.00
According to the classical cash reserve system, which of the following statements is/are true regarding banks in South Africa?
(a) They are required to hold a minimum cash reserve of 2,5% of their deposits.
(b) The level of the repo rate influences the interest rate at which the banks provide credit to individuals.
(c) The SARB provides cash reserves through accommodation policy to the banks experiencing liquidity shortage.
Select one:
a. (b)
b. (a)
c. (a) and (b)
d. (c)
e. (a), (b) and (c)
The correct answer is: (a), (b) and (c)
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=6462145&cmid=213776 4/16
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