28. According to our standard ALADD analysis of xed rates, monetary polio],r can affect [a] output. (b) international reserves. [c] employment. (d) the real exchange rate. (e) all of these answers are correct 29. According to our standard AA-DD analysis of fixed rates, in the long-run scal policy can affect (a) output. [b] the real exchange rate (c) employment. (d) the money supply. to) the price level. 30. In our classroom model, the current account balance is (a) an increasing function of disposable income and an increasing function of the real exchange rate. (b) a decreasing function of disposable income and a decreasing function of the real exchange rate. (c) a decreasing function of disposable income, independent of the real exchange rate. (d) an increasing function of the real exchange rate, independent of disposable income. (e) a decreasing function of disposable income and an increasing function of the real exchange rate. 31. The United Kingdom (at) joined the exchangerate mechanism in 1990 but withdrew in 1992. [b] joined the exchange-rate mechanism in 2020 but withdrew in 2022. [c] joined the exchange-rate mechanism in 1990 and never withdrew. (d) joined the exchange-rate mechanism in 2020 and never withdrew. (e) none of these answers are correct. 32. France (a) joined the exchange-rate mechanism in 1929 and never withdrew. (b) joined the exdtangerrate mechanism in 1929' but withdrew in 1992. (c) joined the exchangerate mechanism in 2000 but withdrew in 2022. (d) joined the exchange-rate mechanism in 2000 and never withdrew. (e) none of these answers are correct. 33. According to our AADD analysis of xed rates, a devalulion causes [a] a rise in output. [b] a rise in employment. (c) a rise in international reserves. (d) a rise in the moneyr supplyr (e) all of these answers are correct