ECS1601 ASSIGNMENT 08 SEMESTER 2 2024 One of the objectives of the South African Reserve Bank is in ation targeting, and the in ation target for South Africa is between 3 and 6 per cent. There happe...
Chapter 1 - What economics is all about
ECS1601 Assignment 7 (COMPLETE ANSWERS) 2024 - DUE 29 October 2024
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ECS1601 - Economics IB (ECS1601)
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Which one of the following will not be appropriate in an attempt to combat demand-pull
inflation?
a.
An increase in interest rates
b.
An increase in taxes
c.
A decrease in government spending
d.
Measures to decrease the productivity of labour
***********************************************************************
In the case of demand-pull inflation, an increase in the general price level is
accompanied by … in total production. In the case of cost-push inflation, an increase in
the general price level is accompanied by…in total production.
a.
a decrease; an increase
b.
a decrease; a decrease
c.
an increase; an increase
d.
an increase; a decrease
******************************************************************
Which one of the following is an example of inflation?
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