Inflation in Singapore is caused by both domestic

Inflation in Singapore is caused by both domestic and external demand-pull and cost-push factors.Singapore mainly suffers from demand-pull inflation, which may occur when increases in aggregate demand (AD) persistently exceeds that of aggregate supply (AS), which caused excess demand when the economy is near or at full employment. Inflation, in this case, is due to the rise in AD, which can come from the rise in C, I, G and (X-M), therefore causing the upward pressure on the general price level (GPL).Singapore’s major source of demand-pull inflation would be the rise in income of her trading partners, which lead to […]

As a source for increasing the productivity of

As is the case for many countries, the education system is built with the objective of increasing human capital, and seen as a source for increasing the productivity of an individual a part of society. As noted by Alan Slavin, a physics professor at Trent University, and writer for the Canadian magazine University Affairs, Ontario’s newest curriculum introduced between 1997 and 1999, may be diminishing a student’s critical thinking skills (2007). Slavin addresses the issue in his article, “Has Ontario taught its high-school students not to think?”. While I am inclined to agree with him, I must remark that Slavin […]

Minimum questions- does a minimum wage increase unemployment?

Minimum wage and their effects has been widely discussed topic for labour economists and researchers  in recent years. Different economists have all interpreted the effects differently, however they all tend to circulate around the same general questions- does a minimum wage increase unemployment? , and how do minimum wage policies affect a nation’s or region’s development ? , how do minimum wage policies affect the different groups of people in a given economy? While studies on the minimum wage typically focus on its effects on unemployment, I am going to interpret its effect on a wider scale of which includes; […]

MONETARY they think is best for their families,

MONETARY FREEDOM: Monetary freedom is linked to the concept of monetary economics and monetarism. The first is a discipline that permits the analysis of money and its related function as a medium of exchange, a valuable unit and a cost unit. The second one is the control of the government on current money. The monetary freedom can be measured based on two factors: the price stability (inflation) and the price control. –       Inflation: is monetary phenomenon, an increase in the general price level for buying goods and service. It can happen within a certain period of time. Its effect is […]

Economic Seasonal Terms

Economic Seasonal Terms Name: Institutional affiliation: Date: Economic Seasonal Terms Inflation denotes an increment the price of good/services within an economy equated to lose of money’s purchasing power where a unit of money buys fewer goods. Stagflation is used to refer to a situation where inflation is coupled with a stagnant economy in terms of growth and productivity a phenomena conventionally opposed by economic theorists such as Keynes. In stagflation, the holistic price level increases while production and employment rate falls. Economic recession describes a situation where the macro-economic aspects of an economy decline consequently a nation’s economic activity. These […]

Discussion Board Week 1

Discussion Board Week 1 Name: Course: Date: This Unit 1 DB assignment is really about linear functions, the topic for this week’s unit, not about cars or simple interest loans. The car purchase and simple interest loans are used here in this DB assignment to show just one of the common applications where a linear function may be useful in a real situation. Because this DB assignment is about linear functions, your main post should clearly show HOW this simple interest situation is an application of linear functions. The slope-intercept form of a linear function is usually stated as: y […]

Recommendation for Mr.Stone

Dear customer: Please provide what else should be added in the portfolio because the format used has fulfilled the purpose of a portfolio, which is to indicate the possible returns from investments in stocks, bonds and trusts. Additional information would be helpful to ensure satisfaction of your needs from the portfolio. Name: Course: Instructor: Date: Diversification in a portfolio is of essence. This is good business sense in that it aims at diversification of risks of the investors between the various investments available in the market. A balanced portfolio is essential to ensure that there is a longer and lasting […]

Real GDP and Nominal GDP

Name: Instructor: Course: Date: Real GDP and Nominal GDP GDP stands for Gross Domestic Product and refers to the market value of all finished goods and services produced within a given period. Its value is usually measured in monetary terms. For instance, in U.S Nominal GDP dollars depicts the GDP. Nominal GDP illustrates current prices of the kinds goods produced and services provided while; Real GDP indicates costs in reference to a number of base years. The main distinguishing factor between the two is that is that, in real GDP, inflation is taken into consideration when measuring (Boyes, 1991) while, […]

Business Law Analysis

Name: Instructor: Course: Date: Business Law Analysis Employees at the Disco Shop The basic “bait-and-switch” principle is regularly used among commercial circle to gain unfair advantage over either the consumer or the employees. First, potential customers are attracted (bait) by sellers’ advertising campaigns that display services and products at affordable prices, but when buyers reach the store, they find out that, the publicized goods are not in stock, or that they are coerced into buying the same goods at a higher price (“switching”). The idea of bait and switch is underlined by several grey areas that are case-sensitive and very […]

American His 3

American His 3 In the late nineteenth century, the economy of America grew drastically making America to become of the leading super powers. It became one of the most industrialized nations. Additionally, it became one of the most agricultural countries in the world. On the other hand, as the American economy continued to grow, the working conditions of the different Americans continued to change drastically. It is because of these working conditions that led the different workers to form the various labor unions. One of the problems that led to the different workers forming the different labor unions was the […]

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