Question: Question 4 a. Recognizing that there may be both positive and negative effects, how will our country's GDP and price level be affected by

Question 4 a. Recognizing that there may be both positive and negative effects, how will our country's GDP and price level be affected by each of the events below? Explain whether the event will affect aggregate demand (AD) od aggregate supply (AS) or both. Demonstrate this in an AD-AS diagram. (note each case is independent of each other) i. in the Budget 2020. The Malaysian government announced a RM 1,6 Billion expenditure to build new and upgrade existing hospitals. ii. Malaysia is all out to adopt the fifth generation (5G) technology of mobile network which will result in a significant increase in productivity (with no change in nominal prices for factors of production)

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