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ECS2602 UPDATED EXAMINATION REVISION PACK SEMESTER 2 2024 Which one of the following statements is correct? The Phillips curve has a ____ Select one: A. positive slope indicates that higher unemployment rates are associated with a higher rate of chang$4.57
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ECS2602 UPDATED EXAMINATION REVISION PACK SEMESTER 2 2024 Which one of the following statements is correct? The Phillips curve has a ____ Select one: A. positive slope indicates that higher unemployment rates are associated with a higher rate of chang
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Course
Intermediate Macroeconomics (ECS2602)
Institution
University Of South Africa (Unisa)
ECS2602 UPDATED EXAMINATION REVISION PACK SEMESTER 2 2024
Which one of the following statements is correct?
The Phillips curve has a ____
Select one:
A. positive slope indicates that higher unemployment rates are associated with a higher rate of change in prices.
B. positive slope indicat...
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Education is the most powerful weapon which you can use to change the world
,10/18/24, 5:07 PM Assessment 3: Attempt review
UNISA 2024 ECS2602-24-S2 Welcome to the module ECS2602-24-S2 Assessment 3
QUIZ
Started on Thursday, 29 August 2024, 3:48 PM
State Finished
Completed on Thursday, 29 August 2024, 5:12 PM
Time taken 1 hour 24 mins
Marks 30.00/30.00
Grade 100.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
This question is based on the following diagram of an IS-LM model for an open
economy:
The above diagram illustrates the impact of _____.
Select one:
A. a contractionary monetary policy on the exchange rate.
B. a The shift to the left of the IS curve implies fiscal
contractionary contraction (or contractionary fiscal policy), in other
fiscal policy words, a decrease in government spending and/or an
on the increase in taxation on the exchange rate.
exchange
rate.
C. a decrease in taxes on the exchange rate.
D. an expansionary fiscal policy on the exchange rate.
Your answer is correct.
The correct answer is:
a contractionary fiscal policy on the exchange rate.
Which one of the following statements is INCORRECT?
A. Using the interest parity equation and assuming that the expected
exchange rate is unchanged, a relationship between the domestic interest
rate and the nominal exchange rate can be derived.
B. A negative A positive relationship between the domestic interest
relationship rate and the nominal exchange rate occurs. The
exists reasoning behind this is as follows: say, for instance, the
between domestic interest rate increases relative to that of the
the rest of the world. Because of the increase in the interest
domestic rate, our bonds are more attractive since the rate of
interest return offered on our bonds is higher than the rate of
rate and return offered in the rest of the world. On the balance of
the payments side, a capital inflow occurs, and we
nominal experience a higher demand for rands on the foreign
exchange exchange market. This increase in the demand for rand
rate. results in an appreciation of rand (the opposite is true).
C. Financial investors, domestic or foreign, go for the highest expected rate of
return.
D. The equilibrium condition in the financial market is where M = Md.
Your answer is correct.
The correct answer is: A negative relationship exists between the domestic interest
rate and the nominal exchange rate.
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