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2025 - ECS1601 - ASSESSMENT 6 - QUESTIONS AND ANSWERS
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  • January 6, 2025
  • 122
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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2024 – ECS1601 – ASSESSMENT 6 – Q&A



Assessment 6
Started on Tuesday, 8 October 2024,
State Finished
Completed on Tuesday, 8 October 2024,
Time taken
Marks 20.00/20.00
Grade 100.00 out of 100.00


Question 1
The following question is based on the table below:



Month Consumer price index

2012 2013

January 50.3 60.2

February 52.4 61.1

April 53.2 63.1

May 55.5 64.2

June 56.1 65.3



Assume the consumer price index increases to 72.3 in April 2014. What will be the
annual inflation rate for April 2014?



a.
9.2
b.
14.58
c.
12.72
d.

1

, 2024 – ECS1601 – ASSESSMENT 6 – Q&A


18.6

Feedback
Refer to section 10.2 of the prescribed textbook.



Question 2
In the AD-AS model, an expansionary fiscal policy may lead to a…



a.
rightward shift of aggregate demand and demand-pull inflation.
b.
leftward shift of aggregate demand and demand-pull inflation.
c.
rightward shift of aggregate supply and cost-push inflation.
d.
leftward shift of aggregate supply and cost-push inflation.

Feedback
Refer to section 10.4 of the prescribed textbook.



Question 3
Which of the following can cause demand-pull inflation?

[1] A decrease in interest rates which leads to an increase in consumption and
investment spending.

[2] An increase in government spending on social wealth and education.

[3] A rise in the cost of import intermediate goods due to a depreciation of the
domestic currency.



a.
[1]

b.
[1] and [2]


2

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