H2 economics

• Winter daze

  1 Jun 10, 22:41

  Hi! Anyone has any idea how I should attempt this question?

  Explain the internal and external factors that are likely to trigger inflationary pressures in Singapore.

• wee_ws

  1 Jun 10, 22:47

  Hi,

    I believe it is worthwhile for you to start by explaining key words appearing in the question. Thanks.

  Cheers,
  Wen Shih

• Rooney9

  1 Jun 10, 22:52

  interes rates kept low is one factor. liquidity in the markets is another one.

  why not u google instead?

• Winter daze

  3 Jun 10, 00:10

  Yeah i tried google-ing it but it kinda failed. haha.

  but i managed to get the help of my brother(:

  i started by identifying the causes of the 2 main types of inflation. demand pull and cost push. then through the factors that may lead to inflation, eg, C+I+G+(X-M) and rising COP, try to interprete some possible internal and external factors that would eventually lead to these 2 inflation. (:

  yupp that should be the correct approach(:

  thanks for helping(: