Which of the following is an example of a fiscal policy that will cause a decrease in aggregate demand? A. "South Africa's "htional Treasury will propose a freeze on new public service jobs and procurement contracts for all infrastructure projects to check "runaway" gowernment spending...". B. "Azerbaijan; The Central Bank of Azerbaijan made its second rate cut this quarter on December 20, reducing the policy rate by 50 basis points to 8%. In a statement, the central bank's board sald inflation was 2.6% year on year in November. This is the third consecutive month that inflation has been within the central bank's target range of 4% plus or minus 2%. C. "Ports and freight rail company Transnet has been issued an immediate R47 billion guarantee facilty by National Treasury in support of the company's recovery plan and to meet the state-owned entity's immediate debt obligations." D. "Minister of Sport, Arts and Culture Zizi Kodwa has announced that government will be hosting an ali-encompassing awards ceremony to recognise those who exhibit outstanding artistic and technical achievement in the arts and culture sector. "The creativity and imagination of the South African designers, artists, producers, writers, and performers are continuing to shine the light on the global stage and driving the growth of our creative econormy" Kodwa said on Tuesday in Pretoria. The Department of Sport, Arts and Culture intends to confer South African Creative Arts Awards (SACA) annually in appreciation of the outstanding contributions to the creative sector"

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter11: Managing Aggregate Demand: Fiscal Policy

Section: Chapter Questions

Problem 5DQ

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Which of the following is an example of a fiscal policy that will cause a decrease in aggregate demand? A. "South Africa's "htional Treasury will propose a freeze on new public service jobs and procurement contracts for all infrastructure projects to check "runaway" gowernment spending...". B. "Azerbaijan; The Central Bank of Azerbaijan made its second rate cut this quarter on December 20, reducing the policy rate by 50 basis points to 8%. In a statement, the central bank's board sald inflation was 2.6% year on year in November. This is the third consecutive month that inflation has been within the central bank's target range of 4% plus or minus 2%. C. "Ports and freight rail company Transnet has been issued an immediate R47 billion guarantee facilty by National Treasury in support of the company's recovery plan and to meet the state-owned entity's immediate debt obligations." D. "Minister of Sport, Arts and Culture Zizi Kodwa has announced that government will be hosting an ali-encompassing awards ceremony to recognise those who exhibit outstanding artistic and technical achievement in the arts and culture sector. "The creativity and imagination of the South African designers, artists, producers, writers, and performers are continuing to shine the light on the global stage and driving the growth of our creative econormy" Kodwa said on Tuesday in Pretoria. The Department of Sport, Arts and Culture intends to confer South African Creative Arts Awards (SACA) annually in appreciation of the outstanding contributions to the creative sector"

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