Question: Read the following articles and answer the questions below: https://www.straitstimes.com/business/economy/mas-sets-zero-appreciation-path-for-singdollar-at-lower-level-in-easing-move(Links to an external site.) Summarize the monetary policy and fiscal policy reported in the article,
Read the following articles and answer the questions below:
https://www.straitstimes.com/business/economy/mas-sets-zero-appreciation-path-for-singdollar-at-lower-level-in-easing-move(Links to an external site.)
- Summarize the monetary policy and fiscal policy reported in the article, which aimed at mitigating the impact of corona virus outbreak.
- The second to the last paragraph states that "unemployment rate is expected to rise and wage growth ease" due to the outbreak. If the economy is self-regulating, how would aggregate demand and aggregate supply change? According Keynesian economists, how would aggregate demand and aggregate supply change?
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