UP · EKN120
Aggregate Demand, Supply and IS–LM — EKN120
Built by George MakhemaMade about 3 hours agoQ&AEKN120 Economics 120 · University of Pretoria · Semester 2 2026
EKN120 Economics 120 at UP offers Q&A practice covering aggregate demand, supply, and IS-LM models for Semester 2 2026. Questions address inflation sources, fiscal and monetary policy, the AE-to-AD relationship, productivity effects, and IS-LM curve analysis.
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2 of 5 questions · 38 marks
- Two sources of inflation8 marks
Consider two separate events in South Africa: the government increases spending on health care; electricity tariffs rise, increasing firms’ per-unit production costs. Assume all else is constant and short-run aggregate…
- Fiscal and monetary expansion6 marks
In the IS–LM model, IS represents goods-market equilibrium and LM represents money-market equilibrium. Starting at the intersection of the two curves, compare an increase in government spending with an increase in the…
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