用蒙代尔—弗莱明模型回答下列有关加利福尼亚州(一个小型开放经济)的问题。
a.如果加州受衰退之苦,州政府为了刺激就业应该用货币还是财政政策?请解释。(注意:对这个问题,假设州政府可以印发美元钞票。)
b.如果加州禁止从华盛顿州进口红酒,收入、汇率和贸易余额会发生什么变动?考虑短期与长期影响。
Use the Mundell-Fleming model to answer the following questions about the state of California (a small open economy).
a.If California suffers from a recession, should the state government use monetary or fiscal policy to stimulate employment? Explain. (Note: For this question, assume that the state government can print dollar bills.)
b.If California prohibited the import of wines from the state of Washington, what would happen to income, the exchange rate, and the trade balance? Consider both the short-run and the long-run impacts.