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ECS1601 ASSESSMENT 4 SEMESTER 2 2023 EXPECTED QUESTIONS AND ANSWERS $2.85   Add to cart

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ECS1601 ASSESSMENT 4 SEMESTER 2 2023 EXPECTED QUESTIONS AND ANSWERS

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ECS1601 ASSESSMENT 4 SEMESTER 2 2023 EXPECTED QUESTIONS AND ANSWERS

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  • October 7, 2023
  • 35
  • 2023/2024
  • Exam (elaborations)
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CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144 OR
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PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144

, PASSMATE TUTORIALS passmatetutorials@gmail.com




PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144

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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?


a.
A 4% increase in the tax rate.

b.

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