TYS 2023 Q2

Bad weather and falls in consumer incomes can have different impacts on the prices of agricultural products such as vegetables, rice, and grain.

a) Explain the different impacts on the prices of vegetables due to bad weather and falls in consumer incomes. [10]

The Monetary Authority of Singapore (MAS) has a unique monetary policy framework that focuses on managing the exchange rate rather than interest rates. This approach has implications for the country's macroeconomic objectives.

(a) Explain why Singapore chooses exchange rates rather than interest rates as its main tool of monetary policy.

TYS 2023 6a) 

Explain why expansionary fiscal policy designed to achieve economic growth or lower unemployment may lead to undesirable consequences. [10] 

TYS 2023

6b)  Discuss whether expansionary supply-side policies would be effective in achieving the macroeconomic policy aims of an economy. [15]

H2 TYS 2023

1 (b) Discuss whether it is possible to increase the total production of goods and services in an economy without resulting in environmental damage or other unintended consequences. [15]

TYS 2023 Q1

The amount of goods and services that can be produced in an economy is insufficient to satisfy the wants of its population. This leads to the economic consequences of scarcity and choice.

a) Explain how a production possibility curve can be used to show the concepts of underutilisation of economic resources and opportunity cost. [10]

VJC 2024 prelims Q5

In early 2022, Sri Lankans started experiencing power cuts and shortages of basics such as fuel. The rate of inflation rose to 50 per cent while unemployment rate remains high. Currently, Sri Lanka owes about $7 billion to China and around $1 billion to India.

a) Explain two possible causes of inflation.