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28 Sep 2019
Consider a standard, small, open economy of the sort specified in the Mundell-Fleming model of chapter 13. Suppose the monetary authority increases the money supply in order to increase income. In which exchange-rate regime is this expansionary monetary policy effective: a floating-exchange-rate regime or a fixed-exchange-rate regime? Please defend your reasoning.
Typed answers only, please
Consider a standard, small, open economy of the sort specified in the Mundell-Fleming model of chapter 13. Suppose the monetary authority increases the money supply in order to increase income. In which exchange-rate regime is this expansionary monetary policy effective: a floating-exchange-rate regime or a fixed-exchange-rate regime? Please defend your reasoning.
Typed answers only, please
Namita kumariLv6
28 Sep 2019
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