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1. Which of the following are fully exogenous variables in the IS-LM model? 1. Level of output, interest rate, investment, consumption spending. 2. Government spending, taxation, money supply, marginal propensity to consume. 3. Interest rate, demand for money, supply of money. 4. Consumption spending, investment, government spending. Explanation Government spending and money supply are the factors that are regarded as exogenous variables in the IS-LM model. The level of output and income,...

Assignment 01 Assignment: 01 Unique number Chapters 1-5 1.1 More than one correct options but not all options are correct. Full marks awarded to all students. Option [1] is correct. Option [2] is correct. Option [3] is correct. Perfect mobility of workers is one of the characteristics of the perfectly labour market. Refer to page 4 and 122. Option [4] is incorrect. The perfect competition exists among employees themselves, not employers and vice versa. Refer to page 4. 1.2 The incorre...

NCLEX STUDY GUIDE NOTES 2022

Activity A (continued from previous page) 4. Observe: Switch to stage 13. What do all of the embryos have in common at this stage? The tail bud begins to form as well as the somites and brachial arches. In mammals, brachial arches develop into structures in the head and neck. In fish and frogs they become part of the jaw and structures that support the gills (and are eventually lost in frogs). Somites are blocks of tissue that divide an embryo into segments that will become part of the ver...

Question 2 (2) Calculate the equilibrium quantity and price if the quantity demanded can be represented by the = 1800 + 0,6 and quantity supplied can be represented by = 7200 − 0,2 . Question 3 (6) (3a) When a local shop, called Burger Boet, decreases the price of hamburgers from R40 to R35, the quantity of the hamburgers demanded increases from 800 to 1 150. What is the price elasticity of demand for a burger at Burger Boet? (3b) How can Burger Boet increase its total revenue made from...

Question 2 (2) Calculate the equilibrium quantity and price if the quantity demanded can be represented by the = 1800 + 0,6 and quantity supplied can be represented by = 7200 − 0,2 . Question 3 (6) (3a) When a local shop, called Burger Boet, decreases the price of hamburgers from R40 to R35, the quantity of the hamburgers demanded increases from 800 to 1 150. What is the price elasticity of demand for a burger at Burger Boet? (3b) How can Burger Boet increase its total revenue made from...

ECS2601 ASSIGNMENT 1 SEMESTER 2 2022

ECS2601 ASSIGNMENT 1 SEMESTER 2 2022

ASSIGNMENT 02 Research-based essay We hope that you have been enjoying this module thus far. Now that you are done with Assignment 01, let us turn our attention to Assignment 02. This is a rather exciting assignment. It is going to inspire you to further develop your writing skills. We know that “exciting” is not a word usually associated with assignments, but we would like to encourage you to approach your assignments as challenges that will benefit you beyond this module and into you...

ASSIGNMENT 02 Research-based essay We hope that you have been enjoying this module thus far. Now that you are done with Assignment 01, let us turn our attention to Assignment 02. This is a rather exciting assignment. It is going to inspire you to further develop your writing skills. We know that “exciting” is not a word usually associated with assignments, but we would like to encourage you to approach your assignments as challenges that will benefit you beyond this module and into you...