Question 17 (20 points) Part A: Describe the impact of a change in interest rates and exchange rates on the effectivenes
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Question 17 (20 points) Part A: Describe the impact of a change in interest rates and exchange rates on the effectivenes
Question 17 (20 points) Part A: Describe the impact of a change in interest rates and exchange rates on the effectiveness of fiscal policy. Part B: Explain how the effectiveness of monetary policy is enhanced under a flexible exchange rate policy.