Describe how fiscal policy works (with 2nd round effects) under both a fixed exchange rate system...

Describe how fiscal policy works (with 2^nd round effects) under both a fixed exchange rate system and a floating exchange rate system. Assume that there is capital mobility. How did Australia’s exchange rates change after the fiscal stimulus of 2008? Does that support or contradict macroeconomic theory?

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Rahul Sunny answered 1 year ago

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