Problem
1. With fixed exchange rates, when does an expansionary fiscal policy improve the nation's BOP? When does it worsen the BOP?
2. What is meant by the terms policy agreement and policy conflict?
3. Given a system of fixed exchange rates, for monetary policy, is unemployment-with-BOP-surplus a zone of policy agreement or policy conflict? What about inflation-with-BOP-deficit, unemployment-with-BOP-deficit, or inflation-with-BOP-surplus?
4. What are some obstacles to successful international economic-policy coordination?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.