Question: [15 points Using the AA-DD model explain why under fixed exchange rate, temporary monetary policy is ineffective whereas under floating exchange rate it is effective

[15 points Using the AA-DD model explain why under fixed exchange

rate, temporary monetary policy is ineffective whereas under floating exchange rate it

[15 points Using the AA-DD model explain why under fixed exchange rate, temporary monetary policy is ineffective whereas under floating exchange rate it is effective in rising output

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