Question 3 (10 points) (i) State and briefly explain two (2) indicators that the Malaysian government can use to predict where the economy will be in the next 6 months. (2 marks) (ii) Your friend is very unhappy because she told you that her real wage has decreased unexpectedly. Explain, using the concepts of real income, nominal income, anticipated and unanticipated inflation rate, how is this possible. (3 marks) (iii) Assume an economy has a labour force of 15 million people of which 13 million people are classified as employed. Of those unemployed, 0.35 million are frictionally unemployed and 0.9 million are structurally unemployed. Assume there is no seasonal unemployment. Calculate the natural rate of unemployment and explain when this occurs. (2 marks) (iv) Assume you own a new car dealership and your friend owns a Mini-Market. Explain how changes in the business cycle will affect both your business and your friend's business