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Malaysia announces a $12.billion stimulus package ahead of lockdown (Straits Times, 2021). b. Examine the impact on the exchange rate and national income if Malaysia

Malaysia announces a $12.billion stimulus package ahead of lockdown (Straits Times, 2021).

b. Examine the impact on the exchange rate and national income if Malaysia adopts a fixed exchange rate. Include IS-LM curves in your answer. (10 marks)

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