Question
PLEASE HELP ASAP!!! QUESTION 1: The Covid-19 pandemic has caused Malaysia's economic activities to slow down due to the implementation of movement control orders since
PLEASE HELP ASAP!!!
QUESTION 1:
The Covid-19 pandemic has caused Malaysia's economic activities to slow down due to the implementation of movement control orders since March last year. According to the Department of Statistics Malaysia (DOSM), the country's unemployment rate increased to 4.7% in March 2021 compared to 4.5% in 2020.
a)State and explain ONE (1) type of unemployment during covid-19.(4 Marks)
b)Explain how government reduces high unemployment using discretionary fiscal policy.
(10 Marks)
c)Explain THREE (3) limitations of discretionary fiscal policy.(6 Marks)
QUESTION 2
a)State and explain THREE (3) causes of inflation.(6 Marks)
b)Explain with example, of galloping inflation.(4 Marks)
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