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Chako Chako
wrote...
Posts: 2948
8 years ago
If the economy starts in long-run equilibrium, a permanent fiscal expansion will cause
A) an increase in exchange rate, E.
B) an increase in output, Y.
C) a decrease in exchange rate, E.
D) a decrease in output, Y.
E) shifting of the AA curve up and to the right.
Textbook 
International Economics: Theory and Policy

International Economics: Theory and Policy


Edition: 10th
Author:
Read 234 times
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Answer verified by a subject expert
machukianmachukian
wrote...
Top Poster
Posts: 2946
8 years ago
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Chako Author
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8 years ago
I doubted this website before I signed up. I regret not being a member earlier lol
wrote...
7 years ago
Happy to help you!
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