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Economics Tuition: “Inflation is harmful to an economy and hence it should be the priority of the Singapore government to reduce inflation.” Discuss.

https://www.youtube.com/watch?v=9h_eWb-6ZNw Understanding the priorities of governments in determining the right policies to implement. Singapore experienced...
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Economics Tuition: Explain why inflation can remain high despite a slowdown in economic growth in Singapore

https://www.youtube.com/watch?v=S-j3BBVwDGs Understand how inflation can affect the Singapore economy Singapore experienced a quarterly growth rate of -0.7%...
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Economics Tuition: Explain why government tries to maintain price stability to maintain or enhance its level of investments

First, a high level of inflation introduces business uncertainty and hence reduces investors’ incentive to invest. Specifically, hyperinflation disrupts the...
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Inflation

Understanding Inflation


Inflation, in a broad sense is the rate at which the prices of goods and services increase in a market. It is a good indicator to assess the health of an economy. It is key for students to understand the factors that give rise to inflation together with the various terms and effects it brings about to an economy. The illustration of inflation in graphical terms is also important in order for students to do well.

Economics Tuition: How to Explain Cost-Push Inflation?

Cost-push inflation occurs when there is a rise in cost of production which will lead a fall in the aggregate supply that will lead to an excess demand condition, contributing to increase in price level. When the cycle becomes cyclical, it will develop as wage-price...

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