T1W4 J2 H2 ADAS Macro Eq'm Review

Which of these are NOT considered “Investment”?

• A Singaporean firm buys Apple stocks from the US

• A bakery buys a new oven for baking cakes

• An IT company builds a factory

• A construction firm buys a crane

When corporate income tax rates increase…

• autonomous consumption falls

• induced consumption falls

• induced consumption rises

• investment falls

All of the following will increase development expenditure for the government except

• building a new hospital

• raising the salaries for teachers :D

• constructing a new MRT station

• building a new ministry

(X-M) will definitely increase when...

• The (domestic) currency appreciates

• The (domestic) currency depreciates

• Foreign price levels fall

• Foreign price levels rise

What happens to the AS and AS curve when a national minimum wage is imposed?

• AS rises and the AS curve shifts rightwards

• AS rises and the AS curve shifts downwards

• AS falls and the AS curve shifts leftwards

• AS falls and the AS curve shifts upwards

What happens to the AS and AS curve when SGD appreciates?

• AS rises and the AS curve shifts rightwards

• AS rises and the AS curve shifts downwards

• AS falls and the AS curve shifts leftwards

• AS falls and the AS curve shifts upwards

What happens to the AS and AS curve when technology improves? Select all relevant options.

• AS rises and the AS curve shifts rightwards

• AS rises and the AS curve shifts downwards

• AS falls and the AS curve shifts leftwards

• AS falls and the AS curve shifts leftwards

Identify the FALSE statement. An increase in wealth will lead to:

• Increase in Y but no change in GPL

• No change in Y and GPL

• Increase in Y and GPL

• Increase in GPL but no change in Y

Identify the CORRECT statement(s). A fall in oil prices will lead to:

• Fall in GPL and Y

• Fall in GPL and no change in Y

• Fall in GPL and increase in Y

• No change in GPL and Y