Exam (elaborations)
ECS1601 Assignment 4 Semester 1 2023 (749202)
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5/16/23, 9:41 AM Assessment 4: Attempt review Dashboard Calendar
Dashboard / My courses / ECS1601-23-S1 / Online assessments / Assessment 4
Started on Tuesday, 16 May 2023, 8:27 AM
State Finished
Completed on Tuesday, 16 May 2023, 9:41 AM
Time taken 1 hour 14 mins
Marks 17.00/20.00
Grade 85.00 out of 100.00
Question 1
Correct
Which one of the following statements regarding the producer price index (PPI) is true?
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a. It measures the cost of production.
b. It has the same weights as CPI.
c. It measures the cost of living.
d. Its growth rate is always greater than that of CPI.
Refer to section 10.2 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=10667027&cmid=622399 1/17
,5/16/23, 9:41 AM Assessment 4: Attempt review
Question 2
Correct
In the AD-AS model, an expansionary fiscal policy may lead to a…
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Dashboard Calendar
a. leftward shift of aggregate demand and demand-pull inflation.
b. rightward shift of aggregate demand and demand-pull inflation.
Dashboard / My courses / ECS1601-23-S1 / Online assessments / Assessment 4
c. leftward shift of aggregate supply and cost-push inflation.
d. rightward shift of aggregate supply and cost-push inflation.
Refer to section 10.4 of the prescribed textbook.
Question 3
Correct
Which one of the following statements is correct?
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a. Cost-push inflation is described as “too much money chasing too few goods”.
b. Demand-pull inflation creates a situation known as stagflation.
c. Cost-push inflation is triggered by an increase in consumption spending.
d. An earthquake can trigger cost-push inflation.
Refer to section 10.4 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=10667027&cmid=622399 2/17
, 5/16/23, 9:41 AM Assessment 4: Attempt review
Question 4
Correct
The distribution effects of inflation are best described by …
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a. the poor benefiting at the expense of the rich.
b. creditors benefiting at the expense of debtors.
Dashboard / My courses / ECS1601-23-S1 / Online assessments / Assessment 4
c. the elderly benefiting at the expense of the young.
d. borrowers benefiting at the expense of lenders.
Refer to section 10.3 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=10667027&cmid=622399 3/17
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