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JC Economics Essay Series #93 – Fiscal Stimulus & Consumer Expenditure
JC Econs Essay Fiscal Stimulus & Consumer Expenditure Model Answers Facing COVID-19, the Singapore government introduced a comprehensive support package (S$800 million) that includes enhanced wage subsidies under the Jobs Support Scheme (JSS) and rental relief...
JC Economics Essay Series #92 – PED & Imperfect Information for Demerit Goods
JC Economics Essay PED & Imperfect Information for Demerit Goods Model Answers Oftentimes, Cambridge examiners and JC teachers set relatively tough essay questions by mixing concepts across topics. An example is this: Price Elasticity of Demand and Market...
JC Economics Essay Series #91 – Investment Expenditure & FDI
JC Economics Essay Investment Expenditure & FDI Model Answers Every single A-level Economics students understand that investments are very important for any economy, including North Korea (from China and Russia)! In particular, foreign direct investments (aka...
JC Economics Essay Series #90 – High Unemployment & Negative Consequences
JC Econs Essay High Unemployment & Negative Consequences Model Answers According to macroeconomic theory, there are 4 main types of unemployment – cyclical, structural, seasonal and frictional unemployment. In reality, these are not measured easily or directly,...
JC Economics Essay Series #89 – Productivity-Driven Growth & Macroeconomic Objectives
JC Econs Essay Productivity-Driven Growth & Macroeconomic Objectives Model Answers One of the biggest challenges and concerns for the Singapore government is the lack of appropriate macro econs policies to achieve her macroeconomics goals and objectives. Due to...
JC Economics Essay Series #88 – Currency Depreciation & Stagnation
JC Econs Essay Currency Depreciation & Stagnation Model Answers In economic terms, stagnation is a prolonged period of slow economic growth, usually accompanied by high unemployment. (Note: stagflation is worse than stagnation. On top of the lack of growth,...
JC Economics Essay Series #87 – COVID-19 Recession & Singapore SOL
JC Economics Essay COVID-19 Recession & Singapore SOL Model Answers In 2020, Singapore slumps into a recession, the worst since independence in 1965, with a 41.2% fall in quarterly GDP. Imagine this, despite over S$100 billion into the economy, S'pore still...
JC Economics Essay Series #86 – AD & AS Management Policies and Inflationary Pressure
JC Econs Essay AD & AS Management Policies and Inflationary Pressure Model Answers One of the main concerns for the Singapore government is to achieve low inflation, along with a high and sustained growth rate. As clearly stated in the mission statement of...
JC Economics Essay Series #85 – Negative Growth Rate & Policy Measures
JC Econs Negative Growth Rate & Policy Measures Model Answers A typical question on the main macro economic goals of experiencing a negative economic growth rate, specifically recession, depression, and its application to macro econ performance. In addition, we...