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Assume that the exchange rates are fixed. When money demand is less sensitive to interest rate changes than are international capital flows, _ policy will be _ effective than when money demand is more sensitive to interest changes than are international capital flows.

A、expansionary fiscal; more
B、expansionary fiscal; less
C、expansionary monetary; more
D、sterilized intervention; more

发布时间：2025-08-09 07:32:44

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答案：expansionary fiscal; more

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Assume that the exchange rates are fixed. When money demand is less sensitive to interest rate changes than are international capital flows, _____ policy will be _____ effective than when money demand is more sensitive to interest changes than are international capital flows.