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Choose the INCORRECT option:
(a) Only in one of the labelled points we will find production equals aggregate demand
(b) If we are in C, we know that consumption will tend to increase
(c) If we are in B, we know that investment will tend to increase
(d) In F there is excess supply of goods (e) None of the points identified in the graph is the short run equilibrium
How does a fuel levy rise affect the delivery of public social welfare of a country
Briefly discuss the relationship between increase on fuel taxes and public social welfare as well as economic growth in South Africa, make reference to other studies/literature
The individual's demand curve for a commodity represents a maximum boundary of the individual's intentions True or False, explain
Discuss the fuel tax increase impact the economic growth of S.A
4. willy’s widgets, a monopoly, faces the following demand schedule (sales in widgets per month): price$20 $30 $40 $50 $60 $70 $80 $90 $100 quantity demanded 40 35 30 25 20 15 10 5 0 calculate marginal revenue over each interval in the schedule—for example, between q = 40 and q = 35. recall that marginal revenue is the added revenue from an additional unit of production/sales and assume that mr is constant within each interval. if marginal cost is constant at $20 and fixed cost is $100, what is the profit-maximizing level of output? (choose one of the specific levels of output from the schedule.) what is the level of profit? explain your answer using marginal cost and marginal revenue. repeat the exercise for mc = $40. site:assignmentexpert.com
Which of the following factors will cause a movement along the AD curve?
a. The government decides to fund small businesses in Limpopo.
b. The minister of finance together with the panel decide to reduce taxes.
O d. The increase in fuel price, that results in an increase in the general price level.
O c. The central bank decides to increase the repo rate.
Within the AD-AS model, what will be the impact of expansionary demand management policy on the economy?
a. real output and the price level will increase, while unemployment decrease.
c. aggregate supply will decrease and the price level increase.
d. total production and employment will increase, while inflation decrease.
O b. aggregate demand will decrease and the price level increase.
Which of the following statements is correct regarding the AD-AS model?
a. In the simple Keynesian model, prices are assumed to be variable.
O b. A decrease in aggregate demand is accompanied by a rise in total production and income.
O c. Higher unemployment accompanied by lower inflation rate is referred to as stagflation.
O d. A simultaneous increase in aggregate demand and a decrease in aggregate supply, will lead to an increase in the price level.
According to the classical cash reserve system, which of the following statements is/are true regarding banks in South Africa?
(a) They are required to hold a minimum cash reserve of 2,5% of their deposits.
(b) The level of the repo rate influences the interest rate at which the banks provide credit to individuals.
(c) The SARB provides cash reserves through accommodation policy to the banks experiencing liquidity shortage.
a. (b)
O b. (a)
c. (a) and (b)
O d. (c)
e. (a), (b) and (c)
