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Only answer if u know how to dramw graph d ) During the 2 0 0 8 global financial crisis, rising inflation, especially of food
Only answer if u know how to dramw graph
d During the global financial crisis, rising inflation, especially of food prices,
had affected disposable incomes and thus causing reduction in consumption of
many Malaysian households. Profits of businesses were also affected by rising
costs. In addition, the global financial crisis was expected to have an adverse
impact on the performance of the export sector. Global oil prices reached
historical highs. As the fiscal costs of fuel subsidies became unsustainable, the
Government raised domestic fuel prices by up to on June.
Using the aggregate demand aggregate supply model, show the effect of
global financial crisis on the Malaysian economy.
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