Exam (elaborations)
ecs1601 assignment 4 semester 1 2023
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THIS DOCUMENT CONTAINS ALL QUESTIONS AND ANSWERS YOU NEED FOR ASSIGNMENT 4 ECS
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5/11/23, 11:30 AM Assessment 4: Attempt reviewMENU
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 4
Started on Thursday, 11 May 2023, 10:43 AM
State Finished
Completed on Thursday, 11 May 2023, 11:29 AM
Time taken 45 mins 5 secs
Marks 15.00/20.00
Grade 75.00 out of 100.00
Question 1
Correct
Mark 1.00 out of 1.00
This question is based on the following table, which shows information about the Consumer Price Index (CPI) for country Z:
Month and year CPI
November 2016 98,5
December 2016 100
February 2018 103,4
March 2018 104,5
February 2019 107,8
March 2019 108,8
Which one of the following statements is correct?
a. Inflation rate for March 2019 vs February 2019 is -0,9%.
b. Inflation rate for 2016 is 1,5%.
c. November 2016 is the base year.
d. Inflation rate for March 2019 vs March 2018 is 4,1%.
See section 10.2 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=10531752&cmid=622399#question-10690816-14 1/9
, 5/11/23, 11:30 AM Assessment 4: Attempt review
Question 2
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The distribution effects of inflation are best described by …
Dashboard / Courses / UNISA / 2023 / Semester 1 / ECS1601-23-S1 / Online assessments / Assessment 4
a. borrowers benefiting at the expense of lenders.
b. creditors benefiting at the expense of debtors.
c. the elderly benefiting at the expense of the young.
d. the poor benefiting at the expense of the rich.
Refer to section 10.3 of the prescribed textbook.
Question 3
Incorrect
Mark 0.00 out of 1.00
If inflation accelerates due to the increase in the price of oil (an import), the best policy to combat such inflation in a country with a high
unemployment rate, would be to...
a. implement contractionary monetary policy, illustrated by the rightward shift of the AD curve.
b. respond with demand management policy that will increase aggregate demand, which will be illustrated by a rightward shift of
the AD curve.
c. apply incomes policy, illustrated by a leftward shift of the AS curve.
d. apply the supply-side policy that will increase aggregate supply, which will be illustrated by a rightward shift of the AS curve.
See sections 9.1 and 10.5 of the prescribed textbook.
Question 4
Incorrect
Mark 0.00 out of 1.00
Which one of the following is the cause of demand-pull inflation?
a. an increase in the cost of labour
b. a decrease in interest rates
c. a decrease in government spending
d. the leftward shift of the AD curve
Refer to section 10.4 of the prescribed textbook.
https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=10531752&cmid=622399#question-10690816-14 2/9
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