When the exchange rate is flexible, fiscal policy has no impact on domestic output in either the

Question:

When the is flexible, fiscal policy has no impact on domestic output in either the short run or the long run. Explain.
Exchange Rate
The value of one currency for the purpose of conversion to another. Exchange Rate means on any day, for purposes of determining the Dollar Equivalent of any currency other than Dollars, the rate at which such currency may be exchanged into Dollars...