Using Aggregate Demand & Aggregate Supply (AD/AS) model to analyse the impact of government policies on the short-run economic growth and inflationary pressures in Singapore or another country of your choice. Present 2020 and 2021 quarterly economic growth rates and 2019 - 2022 monthly inflation rates. Discuss the impact of global commodity price shocks, supply disruption abroad and labour shortages on real GDP and price level and illustrate using the AD/AS model. Discuss and analyse Central Bank and government policy response to the slowing economic growth and rising inflationary pressures and illustrate using the AD/AS model.