The World Bank has revised its initial 4.5% growth forecast for 2020 down to 0.1%. On the employment front, the Malaysian Institute of Economic Research estimates that about 2.4 million may lose their jobs. However, proactive steps are already being taken to mitigate these expectations from the Covid-19 crisis. These include the RM250 billion-stimulus package introduced by the government on March 27, which will be used to protect the welfare of Malaysians as well as support local businesses. ("How Malaysia can thrive in the Post-Covid-19 Economy", The Edge Markets, May 8 2020) 1. a. Based on the above excerpt, explain what does revising the growth forecast from 4.5 percent to 0.1 percent mean? (5 marks) b. What factors could have contributed to the decline? (10 marks) c. Explain using a diagram on how the economy is expected to slow down using the AD As curves. (5 marks) d. What policy is the government using to stimulate the economy? (3 marks) e. Illustrate the possible effects of the stimulus package on the economy. (7 marks)