country with fixed exchange rate rep plidation on Y, exchange rate E, i, C,
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:23. Use IS-LM model graphs and show the results of fiscal consolidation
(reducing G) in the country with fixed exchange rate regime. Discuss the
effects of fiscal consolidation on Y, exchange rate E, i, C, I.
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