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Consider the Pandemic era, where countries faced economic recessions in 2020. In the world, countries implement different macroeconomic policies to remedy the impact of the
Consider the Pandemic era, where countries faced economic recessions in 2020. In the world, countries implement different macroeconomic policies to remedy the impact of the economic recession. Now, consider a small "open" economy implements a fixed exchange rate system and it does not want to change it in the near future. Referring to the appropriate international theory, suggest the best policy option for the country to remedy the negative output shock.
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