Exam (elaborations)
ECS1601 Assignment 4 Semester 1 2023 (749202)
- Course
- Institution
This document contains suggested solutions & detailed explanations. For assistance, call or .
[Show more]
Seller
Follow
knowledgehut
Reviews received
Content preview
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?
Mark 1.00 out of
1.00
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…
Mark 1.00 out of
1.00
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?
Mark 1.00 out of
1.00
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 …
Mark 1.00 out of
1.00
Dashboard Calendar
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller knowledgehut. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.79. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
80461 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now