In October 2016, the Malaysian Prime Minister, Datuk Seri Najib Tun Razak tabledout Bajet 2017 in which certain actions will be undertaken to strengthen the state of theeconomy. Also, in 2016, Malaysia’s fiscal budget deficit stood at approximately 3.1% ofthe country’s gross domestic product (GDP).i. Provide two (2) real examples of how the Malaysian governmentimplements fiscal policy as announced in Bajet 2017.(6 marks)iii. Using an AD-AS graph to represent the macroeconomy, explain how oneof the actions of Bajet 2017 aim to stimulate aggregate demand and bringthe economy from a state of ‘recessionary gap’ back to potential GDP

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