Explain and describe using a relevant diagram, the effect of the following events on Malaysia's short-run and long-run aggregate supply curve. Don’t forget to interpret your diagram. a. If there is an increase in energy prices in the world. b. If there is forest fires.

Economics: Private and Public Choice (MindTap Course List)
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Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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Chapter9: An Introduction To Basic Macroeconomic Markets
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Explain and describe using a relevant diagram, the effect of the following events on Malaysia's short-run and long-run aggregate supply curve. Don’t forget to interpret your diagram.
a. If there is an increase in energy prices in the world.


b. If there is forest fires.

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