Question

Determine if the following statements are TRUE or FALSE. Explain your answer if FALSE.

c. With fully flexible prices, temporary monetary policies are ineffective in boosting domestic output in the short run.

d. If the Marshall-Lerner condition fails, an increase in the price of foreign goods raises the domestic current account balance.

e. The Policy Trilemma for Open Economies states that governments can only choose two of the following: capital mobility, exchange rate stability, and monetary policy autonomy​

Answer 1

The Andromeda Galaxy (IPA: /ænˈdrɒmɪdə/), also known as Messier 31, M31, or NGC 224 and originally the Andromeda Nebula (see below), is a barred spiral galaxy approximately 2.5 million light-years (770 kiloparsecs) from Earth and the nearest major galaxy to the Milky Way.