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(a) The Malaysian economy is facing recession. Discuss how required reserve ratio can be used to mitigate the risk of a deep recession by tracing

(a) The Malaysian economy is facing recession. Discuss how required reserve ratio can be used to mitigate the risk of a deep recession by tracing the cause chain effects. (7 marks) (b) Evaluate the validity of the argument that an infant industry needs protection from foreign competition. (8 marks)

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