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ECS3703 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE March 2024 R50,00
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ECS3703 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE March 2024

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ECS3703 Assignment 1 (COMPLETE ANSWERS) Semester 1 2024 - DUE March 2024 100% TRUSTED workings, explanations and solutions. for assistance Whats-App 0.6.7..1.7.1..1.7.3.9 ........................................

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  • March 21, 2023
  • February 10, 2024
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  • 2023/2024
  • Exam (elaborations)
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ECS3703
Assignment 1 Semester 1 2024
Detailed Solutions, References & Explanations

Unique number:

Due Date:
Question 1

Assume Nation A operates under a flexible exchange rate system, the principle of imperfect
capital mobility and desires to achieve both internal and external balance.

a) Which macroeconomic policy should Nation A use to simultaneously achieve internal
and external balance and why?
Nation A should use a combination of fiscal and monetary policy to achieve both internal
and external balance.

Fiscal policy can be used to achieve internal balance by adjusting government spending
and taxation to combat inflation or unemployment. For example, if Nation A is
experiencing high inflation, the government can reduce spending or increase taxes to
cool down the economy. On the other hand, if there is high unemployment, the
government can increase spending or reduce taxes to stimulate the economy.

Monetary policy, on the other hand, can be used to achieve external balance by
Terms of use
By making use of this document you agree to:
adjusting interest rates and money supply to affect the exchange rate. If Nation A is
• Use this document as a guide for learning, comparison and reference purpose,
• Not to duplicate,
experiencing a trade deficit, the
reproduce central
and/or bank can
misrepresent the raise interest
contents rates to as
of this document attract foreign
your own work,
• Fully accept the consequences should you plagiarise or misuse this document.
capital and strengthen the currency. Conversely, if there is a trade surplus, the central
bank can lower interest rates to discourage capital inflows and weaken the currency.
Disclaimer
Extreme care has been used to create this document, however the contents are provided “as is” without
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reliance and use of the contents of this document. This document is to be used for comparison, research
and reference purposes ONLY. No part of this document may be reproduced, resold or transmitted in any
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