ST ANDREW’S JUNIOR COLLEGEH1 and H2 ECONOMICS (8819/9732)Tutorial -Macroeconomic Policies
2008 VJC Prelim H2 P1 Q2 Part (c) and (d): The “Stagflation” Disease
2006 AJC Prelim H2 P2 Q2: The Economic Woes of East Asia
2008 NYJC Prelim H2 P1 Q2 Part (d): The Economies of China and India
“For the past 8 years, Chinese yuan has maintained its fixed value against the USdollar. Of late, China has come under heavy pressure to revalue the yuan becausethe USA felt it was undervalued.”Adapted from The Straits Times, Sept 2003
What factors might have contributed to the undervaluation of yuan?
Discuss the likely consequences for China if yuan is allowed to float freely in theforeign exchange market.
Discuss whether fiscal policy is the most effective way for Singapore tosustain a successful economy. GCE “A” Level Exam, November 2007
Discuss whether demand-side policies are the most appropriate way for Singapore to sustain a successful economy. SAJC BT2, 2008
With asset prices falling in many key markets, soaring energy and commodityprices stoking inflation, and global growth on a downturn, the world faces somedifficult policy choices”.- IMF First Deputy Managing Director John Lipsky, 22
Explain the macroeconomic impact of the above on Singapore. 
Assess the policies that the Singapore government can adopt to reduce theharmful effects of these problems. SAJC Prelims, 2008
SAJC/2010/JC2/H1 and H2