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4. Monetaryr expansion with a flexible exchange rate In a small open economy with a exible exchange rate, what does a monetary expansion by the

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4. Monetaryr expansion with a flexible exchange rate In a small open economy with a exible exchange rate, what does a monetary expansion by the Bank of Canada cause? 0 the dollar to appreciate 0 net exports to rise 0 a shift of the aggregate demand curve further to the left than in a closed economy 0 a further decrease in demand for Canadianproduced goods that would not occur in a closed economy

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