Using the aggregate demand and aggregate supply (AD-SRAS) diagram, explain what will happen to the equilibrium price level and Real GDP when each of the following events occurs:
(i) A depreciation of Ringgit Malaysia (RM); (4 marks)
(ii) An increase in labour productivity; (4 marks)
(iii) Bank Negara Malaysia (BNM) announced a raise in interest rate to reduce inflation. (4 marks)
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i didnt see a question in there
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Answer: The answer when the graph shows such situation are-
Explanation: 1. the ringgit of Malaysia depreciates by 4 percent than us dollar the national income and the aggregate demand will show a down growth.
2. an increase in labor with lead to the demand graph go upward since the labor increases so the production rises and supply increases the total no. of real GDP increases.
the aggregate supply is the total number of supply chain in any company output produces by a company
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