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Many countries around the globe are now implementing economic (fiscal) stimulus package to avoid deep recession due to COVID-19. Using any country in the Asia-Pacific

Many countries around the globe are now implementing economic (fiscal) stimulus package to avoid deep

recession due to COVID-19. Using any country in the Asia-Pacific region as a case study,

a) Outline the major aspects of stimulus package;

b) Discuss the short-run impact of stimulus package on aggregate demand, employment and prices;

c) Show the impact of stimulus package discussed in (b) above using AD-AS model1.

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