Question: Using the aggregate demand and aggregate supply model, explain the effects of the following on price and real income in Malaysia. (a) Consumers are worried

Using the aggregate demand and aggregate supply

Using the aggregate demand and aggregate supply model, explain the effects of the following on price and real income in Malaysia. (a) Consumers are worried with the country's economic progress. (b) Firms have begun to use more high-tech machineries for production. (c) The Malaysian government has decided to spend on a major revamp of the public transportation system. (d) Malaysian higher education system has produced highly skilled employees

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