Question: please determine the statement is true or false and provide explanation. Thanks 1.In a fixed exchange rate regime, a devaluation always causes output to return

please determine the statement is true or false and provide explanation. Thanks

1.In a fixed exchange rate regime, a devaluation always causes output to return to its natural level right away.

2.In an open economy with flexible exchange rates, a foreign monetary expansion generates a real appreciation in the short run.

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