Lindsey Lawson
01/09/2024 · Senior High School

10. Which one of the following statements is incorrect? A When the SARB changes the repo rate, all other short-term interest rates tend to move in the same direction. B In the AD-AS model the relative impact of a change in the monetary sector on the price level and the level of total C production and income depends on aggregate supply conditions. investment spending. D The money stock is the most important element of the monetary transmission mechanism.

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The incorrect statement is D. The money stock is not the most important element of the monetary transmission mechanism.

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