5. In a small open economy, the increase in aggregate demand resulting from an increase in the...

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5. In a small open economy, the increase in aggregate demand resulting from an increase in the money supply is_____if the exchange rate is _____ than if it is_____.

a. larger, flexible, fixed

b. larger, fixed, flexible

c. smaller, flexible, fixed

d. always zero

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Principles Of Macroeconomics

ISBN: 9780176591977

7th Canadian Edition

Authors: N. Mankiw, Ronald Kneebone, Kenneth McKenzie

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Question Posted: Sep 28, 2024 07:03 AM

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5. In a small open economy, the increase in aggregate demand resulting from an increase in the...

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Principles Of Macroeconomics

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