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We need to match the items in Column A (1.2.1 to 1.2.6) with the correct descriptions in the third column. We already know the correct matches:
1. Producer Price Index (1.2.1) matches with C: "measures the change in the prices of domestically produced goods and services as well as the prices of imported goods". So, [tex]\( 1.2.1 \rightarrow C \)[/tex] which can be mapped to 3.
2. Monetarists (1.2.2) matches with F: "believe that inflation is caused by an increase in the total money supply in the country". So, [tex]\( 1.2.2 \rightarrow F \)[/tex] which can be mapped to 6.
3. Demand-pull inflation (1.2.3) matches with A: "this kind of inflation occurs when aggregate demand increases faster than aggregate supply". So, [tex]\( 1.2.3 \rightarrow A \)[/tex] which can be mapped to 1.
4. Administered prices inflation (1.2.4) matches with G: "consumer inflation on the prices of goods and services that have been set or controlled by government". So, [tex]\( 1.2.4 \rightarrow G \)[/tex] which can be mapped to 7.
5. Inflation targeting (1.2.5) matches with B: "a monetary policy framework monitored by the SARB to keep inflation between [tex]\(3-6 \%\)[/tex]". So, [tex]\( 1.2.5 \rightarrow B \)[/tex] which can be mapped to 2.
6. Fiscal measures (1.2.6) matches with D: "government expenditure and taxes". So, [tex]\( 1.2.6 \rightarrow D \)[/tex] which can be mapped to 4.
Thus, our final matches from Column A to their respective descriptions are:
- 1.2.1 [tex]\( \rightarrow \)[/tex] C (Producer Price Index [tex]\( \rightarrow \)[/tex] measures the change in the prices of domestically produced goods and services as well as the prices of imported goods)
- 1.2.2 [tex]\( \rightarrow \)[/tex] F (Monetarists [tex]\( \rightarrow \)[/tex] believe that inflation is caused by an increase in the total money supply in the country)
- 1.2.3 [tex]\( \rightarrow \)[/tex] A (Demand-pull inflation [tex]\( \rightarrow \)[/tex] this kind of inflation occurs when aggregate demand increases faster than aggregate supply)
- 1.2.4 [tex]\( \rightarrow \)[/tex] G (Administered prices inflation [tex]\( \rightarrow \)[/tex] consumer inflation on the prices of goods and services that have been set or controlled by government)
- 1.2.5 [tex]\( \rightarrow \)[/tex] B (Inflation targeting [tex]\( \rightarrow \)[/tex] a monetary policy framework monitored by the SARB to keep inflation between [tex]\(3-6 \%\)[/tex])
- 1.2.6 [tex]\( \rightarrow \)[/tex] D (Fiscal measures [tex]\( \rightarrow \)[/tex] government expenditure and taxes)
In summary, the matches can be represented numerically as:
[tex]\[ (3, 6, 1, 7, 2, 4) \][/tex]
These matches align exactly with the correct answer provided.
We need to match the items in Column A (1.2.1 to 1.2.6) with the correct descriptions in the third column. We already know the correct matches:
1. Producer Price Index (1.2.1) matches with C: "measures the change in the prices of domestically produced goods and services as well as the prices of imported goods". So, [tex]\( 1.2.1 \rightarrow C \)[/tex] which can be mapped to 3.
2. Monetarists (1.2.2) matches with F: "believe that inflation is caused by an increase in the total money supply in the country". So, [tex]\( 1.2.2 \rightarrow F \)[/tex] which can be mapped to 6.
3. Demand-pull inflation (1.2.3) matches with A: "this kind of inflation occurs when aggregate demand increases faster than aggregate supply". So, [tex]\( 1.2.3 \rightarrow A \)[/tex] which can be mapped to 1.
4. Administered prices inflation (1.2.4) matches with G: "consumer inflation on the prices of goods and services that have been set or controlled by government". So, [tex]\( 1.2.4 \rightarrow G \)[/tex] which can be mapped to 7.
5. Inflation targeting (1.2.5) matches with B: "a monetary policy framework monitored by the SARB to keep inflation between [tex]\(3-6 \%\)[/tex]". So, [tex]\( 1.2.5 \rightarrow B \)[/tex] which can be mapped to 2.
6. Fiscal measures (1.2.6) matches with D: "government expenditure and taxes". So, [tex]\( 1.2.6 \rightarrow D \)[/tex] which can be mapped to 4.
Thus, our final matches from Column A to their respective descriptions are:
- 1.2.1 [tex]\( \rightarrow \)[/tex] C (Producer Price Index [tex]\( \rightarrow \)[/tex] measures the change in the prices of domestically produced goods and services as well as the prices of imported goods)
- 1.2.2 [tex]\( \rightarrow \)[/tex] F (Monetarists [tex]\( \rightarrow \)[/tex] believe that inflation is caused by an increase in the total money supply in the country)
- 1.2.3 [tex]\( \rightarrow \)[/tex] A (Demand-pull inflation [tex]\( \rightarrow \)[/tex] this kind of inflation occurs when aggregate demand increases faster than aggregate supply)
- 1.2.4 [tex]\( \rightarrow \)[/tex] G (Administered prices inflation [tex]\( \rightarrow \)[/tex] consumer inflation on the prices of goods and services that have been set or controlled by government)
- 1.2.5 [tex]\( \rightarrow \)[/tex] B (Inflation targeting [tex]\( \rightarrow \)[/tex] a monetary policy framework monitored by the SARB to keep inflation between [tex]\(3-6 \%\)[/tex])
- 1.2.6 [tex]\( \rightarrow \)[/tex] D (Fiscal measures [tex]\( \rightarrow \)[/tex] government expenditure and taxes)
In summary, the matches can be represented numerically as:
[tex]\[ (3, 6, 1, 7, 2, 4) \][/tex]
These matches align exactly with the correct answer provided.
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