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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 chang

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Vak
Intermediate Macroeconomics (ECS2602)

Instelling
University Of South Africa (Unisa)

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 indicat...

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intermediate macroeconomics ecs2602

Instelling
University of South Africa (Unisa)
Vak
Intermediate Macroeconomics (ECS2602)

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OU TO THE GATE OF EXC EL

Education is the most powerful weapon which you can use to change the world

,EXCELGATE INSTITUTE 0846244729

WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore students must use this document ONLY as a guideline. Hence
students have regenerated their own (personalized) solutions paying particular
attention to module contents as prescribed by module facilitators, lecturers and
supervisors. This document’s purpose is to compact all sources of information that
might be relevant to students’ assignments, hence additional knowledge on the
provided information is not restricted by the authors. However, submitting this
document as one’s final work is considered unethical, and students should be
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CAUTION: STUDENTS ARE NOT MANDATED TO USE EVERY DETAIL IN THIS
DOCUMENT IN WRITING THEIR ASSIGNMENTS.

Education is the most powerful weapon which you can use to change the world

,10/18/24, 5:07 PM Assessment 3: Attempt review

UNISA  2024  ECS2602-24-S2  Welcome to the module ECS2602-24-S2  Assessment 3

QUIZ

Started on Thursday, 29 August 2024, 3:48 PM
State Finished
Completed on Thursday, 29 August 2024, 5:12 PM
Time taken 1 hour 24 mins
Marks 30.00/30.00
Grade 100.00 out of 100.00

Question 1
Correct

Mark 1.00 out of 1.00

This question is based on the following diagram of an IS-LM model for an open
economy:

The above diagram illustrates the impact of _____.

Select one:
A. a contractionary monetary policy on the exchange rate.

B. a  The shift to the left of the IS curve implies fiscal
contractionary contraction (or contractionary fiscal policy), in other
fiscal policy words, a decrease in government spending and/or an
on the increase in taxation on the exchange rate.
exchange
rate.

C. a decrease in taxes on the exchange rate.

D. an expansionary fiscal policy on the exchange rate.

Your answer is correct.

The correct answer is:
a contractionary fiscal policy on the exchange rate.

https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21555590&cmid=848063 1/28

, 10/18/24, 5:07 PM Assessment 3: Attempt review

Question 2

Correct

Mark 1.00 out of 1.00

Which one of the following statements is INCORRECT?

A. Using the interest parity equation and assuming that the expected
exchange rate is unchanged, a relationship between the domestic interest
rate and the nominal exchange rate can be derived.

B. A negative  A positive relationship between the domestic interest
relationship rate and the nominal exchange rate occurs. The
exists reasoning behind this is as follows: say, for instance, the
between domestic interest rate increases relative to that of the
the rest of the world. Because of the increase in the interest
domestic rate, our bonds are more attractive since the rate of
interest return offered on our bonds is higher than the rate of
rate and return offered in the rest of the world. On the balance of
the payments side, a capital inflow occurs, and we
nominal experience a higher demand for rands on the foreign
exchange exchange market. This increase in the demand for rand
rate. results in an appreciation of rand (the opposite is true).

C. Financial investors, domestic or foreign, go for the highest expected rate of
return.

D. The equilibrium condition in the financial market is where M = Md.

Your answer is correct.

The correct answer is: A negative relationship exists between the domestic interest
rate and the nominal exchange rate.

https://mymodules.dtls.unisa.ac.za/mod/quiz/review.php?attempt=21555590&cmid=848063 2/28

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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 chang

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