Economic Analysis - Identify 3 problems from the case article, and provide an economic analysis for each of the problems encountered by the households/businesses/government in Singapore. For each of the problems, you have to apply one of the selected economic concepts listed below:

i. Determination of National Income

ii. Fiscal Policy

iii. Monetary Policy

iv. International Trade

Please help I will leave a like thank you!!

The Monetary Authority of Singapore {MAS} said on Thursday {Jul 14) that that it is taking a "further calibrated step\" to tighten monetary policy amid rising inflation. It is the fourth time since October last year that MAS has tightened its monetary policy. Core ination is expected to rise above 4 per cent in the near term. It is projected to be between 3 per cent and 4 per cent this year, up from the earlier forecast of 2.5 per cent to 3.5 per cent. \"Although it should ease in (the fourth quarter of) 2022, there is considerable uncertainty over the extent of the decline," it said. \"At the same time, the Singapore economy remains on track to expand at a creditable pace in 2022, though with slowing momentum.\" Overall inflationary pressures will remain elevated in the months ahead, said MAS. "Although global supply chain frictions are easing, external inflationary impulses have become more broad-based, reecting underlying constraints in global commodity and labour markets," the authority added. "Domestically, resilient private consumption expenditure, underpinned by the tight labour market, will lead to greater passthrough of cost pressures." It warned that there remained \"upside risks" to ination from fresh shocks to global commodity prices and domestic wage pressures. MTI estimates that Singapore's economy grew 4.3 per cent year-on-year in the second quarter of this year. "Slowing external growth momentum will weigh on Singapore's trade- related sectors in the second half of the year,\" said MAS. \"The domestic-oriented and travel- related sectors are, however, expected to continue their recovery and support economic expansion." To counter rising ination, the Government announced a S$1.5 billion support package targeted at providing immediate relief for lower-income and more vulnerable groups. \"The support measures in this package are tilted towards helping our lower-income and vulnerable groups because they are the ones who are disproportionately impacted by the effects of ination.\" Another reason for such targeted measures is so that the scal stimulus does not itself create more inationary pressure, said Deputy Prime Minister Lawrence Wong. Malaysia halted chicken exports to Singapore from Jun 1 due to domestic price hikes and limited supply. The government implemented its export ban, which affected volumes of around 3.5 million chickens per month, to ensure that domestic needs were fully safeguarded going into the Eid al-Adha festive season. The move was meant to be short- term, in response to lower chicken production that affected prices and supply. While it was perceived as critical to stabilising prices within Malaysia, there was no apparent impact on the price of chicken in Malaysia initially but the ban greatly impacted Singapore, one of the key Malaysian markets for chicken export. Source: Edited and adapted from CNA, 21 Jun, '14 Jul, 9 Aug 2022