100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
ECS2602 Assignment 02 2021 AS PER UPDATED TUTORIAL LETTER (to be used as a guideline only) R50,00   Add to cart
Quickly navigate to
Preview
  2.  
  3. University Of South Africa (Unisa)
  4.  
  5. ECS2606 - Environmental Economics (ECS2606)

Other

ECS2602 Assignment 02 2021 AS PER UPDATED TUTORIAL LETTER (to be used as a guideline only)
 28 views  0 purchase

This document includes the assignment questions and answers with explanations.

Preview 2 out of 28  pages

Document information

  • July 7, 2021
  • 28
  • 2020/2021
  • Other
  • Unknown

Subjects

Written for

All documents for this subject (58)

Seller

avatar-seller
aj107

Reviews received

Content preview

Macroeconomics
ECS2602
Department of Economics
Assignment 02 for 2021
(To be used as a guideline only)
Unique Number: 523068
Due Date: 28 June 2021




This assignment contributes 40% towards your semester mark.

Please ensure that this assignment reaches the university before the due date.

Answer all questions on a mark-reading sheet.

1. Which of the following are fully exogenous variables in the IS-LM model?

1. Level of output and income, interest rate, investment, consumption spending.
2. Government spending, taxation, marginal propensity to consume, interest rate.
3. Interest rate, demand for money, the quantity of money.
4. Consumption spending, investment, government spending.

, Answer:

The fully exogenous variables in the IS-LM model are government spending, taxation,
money supply and the marginal propensity to consume. See section 4.5 (learning unit 4) in
the study guide. Make sure that you know the difference between the exogenous and
endogenous variables in the IS-LM model.

Note that in the IS-LM model the part of investment (I) that is dependent on the level of
output and income and the interest rate are the endogenous components while the part of
investment (Ī) that is influenced by expectations, business confidence, and political and
social factors is the exogenous component of investment. This is known as autonomous or
exogenous investment.

Refer to page 136 of the study guide:

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through EFT, credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

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 this summary from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller aj107. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy this summary for R50,00. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

67474 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy summaries for 14 years now

Start selling
R50,00
  • (0)
  Buy now