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Under fixed exchange rate, in general,
A.the domestic and foreign interest rates are equal, R = R*.B.R = R* + (Ee – E)/E.C.None of theD.E is equal toE.One of theAnswer: A
Explain why under fixed exchange rate, monetary policy
Explain why under fixed exchange rate, monetary policy is ineffective whereas under floating exchange rate it is effective in risingAnswer: Under floating, by purchasing domestic a...