This document contains all questions and answers for assignment 7 with distinctions on all seven attempts of the assignment. Some questions are repetitive and some are not, enjoy!
Started on Thursday, 17 November 2022, 9:51 AM
State Finished
Completed on Thursday, 17 November 2022, 10:23 AM
Time taken 32 mins 7 secs
Marks 28.00/30.00
Grade 93.33 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
Which of the following is true regarding an open economy in the Keynesian model?
Select one:
a. A larger marginal propensity to consume will increase the size of the multiplier.
b. The impact of a change in aggregate expenditure is larger than in a closed economy.
c. When net exports increase, aggregate spending will decrease.
d. As investment spending decreases, the size of the multiplier decreases
Question 2
Correct
Mark 1.00 out of 1.00
The question is based on the figure below:
The movement from X to X’ can result from …
Select one:
a. an increase in domestic income.
b. a decrease in domestic income.
c. a depreciation of the rand against the dollar.
d. an appreciation of the rand against the dollar.
The question is based on the following information.
Given autonomous consumption of R300, marginal propensity to consume of ¾, and level of income of R1000.
What is the amount of total saving is
Answer:
-R50
Question 4
Correct
Mark 1.00 out of 1.00
In the Keynesian model with a government and foreign sector, an increase in government spending …
Select one:
a. increases both exports and imports.
b. decreases the equilibrium level of income.
c. increases the equilibrium level of income and decrease imports.
d. increases the equilibrium level of income.
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