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Question 18 (10 marks) The global crisis that happened in 2008, has affected a few countries. As a Chief Economist, you have foreseen the prolong

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Question 18 (10 marks) The global crisis that happened in 2008, has affected a few countries. As a Chief Economist, you have foreseen the prolong global crisis could affect government policy and other economic sectors. Explain how the four sector economies' activities could be affected by the global crisis. Discuss the mitigation planning to lessen the recession impact. Question 19 (10marks) The recent BNM policy stance to increase its OPR to soften the inflationary spike has received various analyses and comments. Explain two main causes of inflation. Discuss if there is another alternative policy that could be implemented

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