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Heavy government intervention. Can control both your demand & supply. Look at COE.
Not enough demand, increase population by importing. Prices go up, LTA huat ah.....
The SG govt's policies, like fiscal spending or monetary policy i.e. lower interest rates, may increase overall demand, which likely leads to demand-pull inflation, since the supply cannot keep pace.
The SG govt's policies, like fiscal spending or monetary policy i.e. lower interest rates, may increase overall demand, which likely leads to demand-pull inflation, since the supply cannot keep pace.