Answer to Question #271532 in Microeconomics for vtg

Question

Question 2

a. Mention any 5 concepts used interchangeably with:

i. Lending rate. (5)

ii. Strict monetary policy (5)

iii. Accommodative monetary policy (5)

b. Mention the types of inequality that were seen most during the period of hard lockdown in South Africa.

Answer 1

Mention any 5 concepts used interchangeably with:

i. Lending rate. (5

• Interest rate
• bank rate
• annual percentage rate
• borrowing rate
• prime rate
  

ii. Strict monetary policy (5)

• tight monetary policy
• contractionary money policy
• restrictive money policy
• dear money policy
• expensive money policy

iii. Accommodative monetary policy (5)

• expansionary monetary policy
• loose credit monetary policy
• easy monetary policy
• cheap money policy
• expansive money policy

b. Mention the types of inequality that were seen most during the period of hard lockdown in South Africa.

• inequalities in the access to urban green spaces in relation to education, income, age, and numbers of children in households
• income-related health inequalities
• digital inequalities
• inequalities in the jobs arena
• inequalities in relation to accessibility and disability