Suppose that higher income implies higher imports and thus lower net exports. That is, the net exports

Question:

Suppose that higher income implies higher imports and thus lower net exports. That is, the net exports function is
NX = NX (e, Y).
Examine the effects in a small open economy of a fiscal expansion on income and the trade balance under
a. A floating exchange rate.
b. A fixed exchange rate.
How does your answer compare to the results in Table 12-1?