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SOALAN DUA/QUESTION TWO (10 MARKAH/MARKS) a. Dengan menggunakan model AD-AS, jelaskan bagaimana ketegaran upah dan harga boleh mengekalkan tingkat output akibat dari kejutan dalam permintaan.

SOALAN DUA/QUESTION TWO (10 MARKAH/MARKS)

a. Dengan menggunakan model AD-AS, jelaskan bagaimana ketegaran upah dan harga boleh mengekalkan tingkat output akibat dari kejutan dalam permintaan.

Using the AD-AS model, explain how the presence of wage and or price rigidities can lead to persistent movements in output as a result of demand shocks.

b. Kenaikan harga minyak pada 2007-08 adalah kejutan penawaran negatif. Adakah anda akan mentakrifkannya sebagai kejutan penawaran sementara atau kekal? Terangkan.

The oil price increase in 2007-08 was a negative supply shock. Would you define it as a temporary or a permanent supply shock? Explain.

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