"Kelantan seeks federal government's help for farmers affected by flood PASIR PUTEH: The Kelantan government is requesti

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Kelantan Seeks Federal Government S Help For Farmers Affected By Flood Pasir Puteh The Kelantan Government Is Requesti 1 (96.62 KiB) Viewed 13 times

"Kelantan seeks federal government's help for farmers affected by flood PASIR PUTEH: The Kelantan government is requesting the federal government to help farmers in Semerak who had experienced losses amounting to RM2.4 million after their crops, especially sweet potatoes, were destroyed by a recent flood. State Agriculture, Agro-based Industry, Biotechnology, Green Technology and Environment Committee deputy chairman Abdul Azziz Kadir said the farmers needed help to recover from huge losses." Source: The Sun daily, December 8, 2019 (c) Based on the article above, what is the short run macroeconomic impact of the event and sketch a graph of aggregate demand and aggregate supply to display the current situation. Label each curve, equilibrium point and each axis of the diagram. (5 marks) (d) Based on the article above, is there any possibility for the policymakers to mitigate the impact on quantity of output and price level? Explain in details. (4 marks) (Total: 20 marks)