Question: 1.1. One complete business cycle has four elements/phases. Using a graph, discuss the four elements/phases and indicate the current phase of South Afric a. J

1.1. One complete business cycle has four elements/phases. Using a graph, discuss the four elements/phases and indicate the current phase of South Africa. Justify your answer with reference to the extract. (7)

1.2. How did the implications of Covid-19 and South Africa's credit risk impact the R/$ exchange rate? Illustrate and explain. (6)

1.3 What will the effect of the R/$ exchange rate in Question 1.2. be on the imports of South Africa? Explain. (1)

1.4. What will the effect of the R/$ exchange rate in Question 1.2. be on domestic prices and the current account of South Africa? (3)

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