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5. Assuming a world of two countries, an expansionary fiscal policy abroad (appreciates/depreciates) _____________ the exchange rate at home, (increases/decreases) ____________ output (Y) at home
5. Assuming a world of two countries, an expansionary fiscal policy abroad (appreciates/depreciates) _____________ the exchange rate at home, (increases/decreases) ____________ output (Y) at home and (increases/decreases) ____________ the current account surplus at home, while it (increases/decreases) ___________ output in the foreign country
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