In Moving from a Small to a Large Open Economy

question 22

Multiple Choice

In moving from a small to a large open economy model under fixed exchange rates,fiscal policy

• A)remains totally ineffective.
• B)loses some of its effectiveness.
• C)maintains the same degree of effectiveness.
• D)gains extra effectiveness.

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Definitions:

Switch Statement

A control statement in programming that allows for the execution of different parts of code based on the value of a variable or expression.

Integer Constants

A numerical value without a decimal part, used in programming to represent whole numbers.

Optional

Indicates that an element, parameter, or feature is not strictly required and can be omitted if not necessary.

Default

A keyword in programming used to specify the default case in a switch statement or default values for functions and methods.