Intermediate Macroeconomics (ECS2602)

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 indicates that lower unemployment rates are associated with a higher rate of change in prices. C. negative slope indicates that lower unemployment rates are associated with a higher rate of change in prices...

ECS2602 ASSIGNMENT 2 SEMESTER 2 2024 Which one of the following factors will NOT cause a shift of the IS curve to the left? Select one: A. An increase in taxes. B. A decrease in government spending. C. A decrease in autonomous investment. D. A decrease in the interest rate.

ECS2602 ASSESSMENT 3 SEMESTER 2 2024 Which one of the following statements is INCORRECT? In our analysis of the labour market, we assume the following: Select one: A. Labour is the only factor of production used in the production of output. B. The price of oil and other raw material increases over time. C. Labour productivity is constant. D. The price of products set by firms is based on cost plus a markup

ECS2602 ASSESSMENT 3 SEMESTER 2 2024 What happens to the implied real wage if the markup by firms increases? Select one: A. It decreases. B. It fluctuates with the unemployment rate. C. It remains unchanged. D. It increases.

100% accurate and reliable assignment solutions for ECS2602 assignment 1 semester 2 2024

ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 Which one of the following statements is correct? Select one: A. A decrease in the interest rate implies the implementation of expansionary monetary policy. B. Inflation targeting is an example of a stabilisation policy. C. An increase in taxes implies the implementation of expansionary fiscal policy. D. A contractionary monetary policy implies a decrease in the interest rate to increase the money supply

ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 Which one of the following statements is INCORRECT? Select one: A. Real GDP is a measurement of GDP in which the quantities produced are valued at the prices in a base year; in other words, it considers inflation. B. GDP at constant prices measures the actual physical volume of production valued at the prices in a base year. C. An increase in the prices of goods and services produced might increase the nominal GDP over time. D. GDP at current prices ta...

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ECS2602_Assessment 1_Answers