both of these please but one is just fine

Suppose Congress increases taxes, but assume now that the Fed simultaneously raises R to its neutral rate. What happens to MY and E? O M falls, Y falls, E appreciates O M rises, Y rises, E depreciates O Mfalls. Y falls, E can't tell. OM rises, Y can't tell. E depreciates Question 8 3 pts Is there exchange rate overshooting in this example? Explain in a few sentences what happens. Edit View Insert Format Tools Table