econs.... my next dying subject along with chemistry
wat can i say? i cant think economically
perhaps that explains why I cant seem to keep money in my pocket.
O did I say money? wrong! in econs terms. those spending power u have in ur pockets is call Currency...
K. perhaps at least I learnt that. So things dun look as bleak for my paper tomorrow.
REallie? I dunch know...
just hope and pray and hope.
Anyways, Saw my friend, Huijuan's nick on msn.
Singapore gonna raise GST to 7%...
ah huh... so which one does that go under?
Nominal intrest? or Real intrest?
I'll give it as nominal intrest. coz it's current situation.
and wats it due to? inflation i presume.
great.... now there's inflation, interest going up, means... investment spending will go down coz it's too ex to invest. and ppl will keep a tight watch on their wallet. and also due to uncertainty ppl will choose to have money in their banks rather than holding on to it. which also means, consumption goes down.... we're experiencing an expansionary gap. to remove this gap, [refering to my notes now....] u can do nothing and allow it to readjust back to the equilibirum value. or u do something (Comeup with a policy) either using Fiscal or Monetary Policy to remove the expansionary gap. but it will end up settling at a higher inflation rate then b4.
yeah.
so does anyone knows wth am i talking?
if u dun.... it's ok... coz i dunno wat i typing!~
if u do.... please point out where's my mistake hahah
k... back t books.
so gonna screw up in my exams tomorrow....
God save me.....POSTED BY Eternity ON Tuesday, November 14, 2006 @ 2:05 PM
