Ecs2602 macroeconomics - Study guides, Study notes & Summaries

ECS2602 ASSIGNMENT 1 SEMESTER 2 2024 This question is based on the following data for country PORTHOS for 2020. Marginal propensity to consume = 0.5 Autonomous consumption = R600 million Investment spending = R40 million Government spending = R280 million Taxes = R300 million An economist Dr Bright Sithole calculated that the gap between the current equilibrium level of output and incomE and the full employment level of income is R110 million. By how much must taxes decrease ...

ECS2602 Assesment 2 Macroeconomics The term “full employment” refers to a situation in the economy … Select one: A. in which there is only frictional and structural unemployment. B. where everybody who wants to work is employed. C. in which there is only cyclical unemployment and frictional unemployment. D. where there is no unemployment in the economy. Question 2 Correct Mark 1.00 out of 1.00 Question text Flag question Which one of the following statements is correct rega...

ECS2602 (Macroeconomics) LATEST EXAM PACK SOLUTIONS AND NOTES

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 2 DISTINCTION GUARANTEED MACROECONOMICS ASSIGNMENT 2 SEMESTER 2 2023 EXPECTED QUESTIONS AND SOLUTIONS

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 Exam Pack 2025 [Updated] Macroeconomics

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.

ECS2602 EXAM PACK 2023 Latest exam pack questions and answers and summarized notes for exam preparation. 100% TRUSTED workings, explanations and solutions. For assistance call or whatsapp us on 079 811 9845 .

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...