PLEASE PLEASE ANSWER THIS ASAP WITH DETAILS, YOU ARE MY LIFE SAVER! Refer to Passage 2 and answer the following question

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PLEASE PLEASE ANSWER THIS ASAP WITH DETAILS, YOU ARE MY LIFESAVER!
Refer to Passage 2 and answer the following questions.
(a)Evaluate the economic pain of Pakistan if the fuel subsidy isremoved. (6 marks)
(b)Illustrate graphically your answer in (a) by employing theAD-AS model. (4 marks)
(c)Infer the short run effect of the removal of fuel subsidy onunemployment. (5 marks)
(d)Illustrate graphically your answer in (c) by employing thePhillips curve. (4 marks)

Please Please Answer This Asap With Details You Are My Life Saver Refer To Passage 2 And Answer The Following Question 1 (65.24 KiB) Viewed 10 times

Passage 2 Pakistan Faces Painful Choice as Inflation Batters Economy New government must decide whether to remove a costly fuel subsidy that has led the IMF to suspend loans to the country By Saeed Shah May 18, 2022 ISLAMABAD, Pakistan Pakistan's new government is finding it tough to impose economic pain on a nation already suffering from a wave of inflation propelled by the Ukraine war. Prime Minister Shehbaz Sharif, who leads a coalition that took power in April, must decide whether to take the politically risky step of removing a fuel subsidy that was put in place by the previous government after the Ukraine war erupted in February. The subsidy costs the government $600 million a month. The International Monetary Fund, which suspended the country's lending program over the fuel subsidy, began talks Wednesday with Mr. Sharif's government on restarting the loans. So far, the government has kept the fuel subsidy, saying they can't impose more hardship on the population. The price of flour jumped 42% in week, according to government data released May 12. The Ukraine war, for all oil-importing countries, has devastated our current account deficits," Mr. Ismail said. "If our government decides to stay in office, for a longer period, the fuel subsidy will have to go." Mr. Sharif inherited a dire economic situation, with double-digit inflation and declining foreign currency reserves. Govemment figures show the country has only enough foreign reserves to pay for imports for another month-and-a-half. International markets usually look for reserves to cover at least three months for comfort. Source: https:/www.wsj.com/articles pakistan-faces-painfid-choice-as-inflamon-baers-economy- 11632533774 Refer to Passage 2 and answer the following questions. (a) Evaluate the economic pain of Pakistan if the fuel subsidy is removed. (6 marks) (b) Illustrate graphically your answer in (a) by employing the AD-AS model. (4 marks) (c) Infer the short run effect of the removal of fuel subsidy on unemployment. (5 marks) (d) Illustrate graphically your answer in (c) by employing the Phillips curve. (4 marks)