10 Read the following paragraph and answer the question that follows. A number of factors have contributed to the performance of the South African economy. Firstly, the sizeable monetary injection into the local economy as a stimulus due to COVID economic pressures has given a boost to household disposable incomes over the course of 2021. The depreciation of the exchange rate in 2021 year also provided a boost to the domestic economy. Based on the information in the paragraph above, where is the South African economy in the economic cycle as per the figure above? a. contraction b. trough c. expansion d. peak
10 Read the following paragraph and answer the question that follows. A number of factors have contributed to the performance of the South African economy. Firstly, the sizeable monetary injection into the local economy as a stimulus due to COVID economic pressures has given a boost to household disposable incomes over the course of 2021. The depreciation of the exchange rate in 2021 year also provided a boost to the domestic economy. Based on the information in the paragraph above, where is the South African economy in the economic cycle as per the figure above? a. contraction b. trough c. expansion d. peak
Chapter8: Aggregate Demand And Aggregate Supply
Section: Chapter Questions
Problem 14QP
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10
Read the following paragraph and answer the question that follows. A number of factors have contributed to the performance of the South African economy. Firstly, the sizeable monetary injection into the local economy as a stimulus due to COVID economic pressures has given a boost to household disposable incomes over the course of 2021. The
Based on the information in the paragraph above, where is the South African economy in the economic cycle as per the figure above?
a. contraction
b. trough
c. expansion
d. peak
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