ECS3709 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 27 September 2024
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Course
Applied Macroeconomics (ECS3709)
Institution
University Of South Africa (Unisa)
Book
Applied Macroeconomics
ECS3709 Assignment 4 (COMPLETE ANSWERS) Semester 2 2024 - DUE 27 September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. For assistance, Whats-App 0.6.7-1.7.1-1.7.3.9. Ensure your success with us.. QUESTION 1 [15]
Using Jordan, South Africa, and Nigeria as case studies, select...
The demand-side factors focus on elements that influence the aggregate demand for goods and
services, thereby affecting the demand for labor. The supply-side factors address those affecting
the availability and quality of labor.
Demand-Side Factors
1. Aggregate Demand and Economic Growth
One of the most significant demand-side factors in South Africa is the level of aggregate
demand in the economy, which is composed of consumer spending, investment by
businesses, government expenditure, and net exports. According to Keynesian economic
theory, high aggregate demand encourages businesses to increase production, which leads
to more jobs and reduces unemployment. In South Africa, when aggregate demand is high,
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