(a) Evaluate the economic pain of Pakistan if the fuel subsidy is removed. (6 marks) (b) Illustrate graphically your ans

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(a) Evaluate the economic pain of Pakistan if the fuel subsidy is removed. (6 marks) (b) Illustrate graphically your ans

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A Evaluate The Economic Pain Of Pakistan If The Fuel Subsidy Is Removed 6 Marks B Illustrate Graphically Your Ans 1
A Evaluate The Economic Pain Of Pakistan If The Fuel Subsidy Is Removed 6 Marks B Illustrate Graphically Your Ans 1 (54.66 KiB) Viewed 12 times
(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) (e) Determine Pakistan's economic condition of a "declining foreign currency reserves" mentioned in Passage 2. (6 marks) (Total: 25 marks)
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