"In financial markets, the sustained global bull market in equities and corporate bonds also ended dramatically last week, with extensive and deep repricing. Prices for emerging market sovereign debt and other risky assets also fell sharply. This will have repercussions for household wealth and income, impacting further on global growth" - South African Reserve Bank (SARB) MPC statement (March 2020). 1. Taking the above statement into consideration, analyze how the fall in asset prices and consequently wealth and income has affected consumption, aggregate demand, employment, and output in South Africa. (use relevant diagram to answer this question).