The Mundell-Fleming Model Is a ______ Model for a ______

question 34

Multiple Choice

The Mundell-Fleming model is a ______ model for a ______ open economy.

• A) short-run; small
• B) short-run; large
• C) long-run; large
• D) long-run; small

---

Definitions:

Legislative Branch

The branch of government responsible for creating, amending, and repealing laws, typically consisting of one or more legislative bodies.

Interpret Laws

The process of determining the meaning and implications of legal statutes and regulations.

Tacit Consent

The implicit agreement to abide by the laws of a country by remaining there.

Abiding

Lasting a long time; enduring or continually recurring.