Q1. Explicate and illustrate the effect of expansionary fiscal policy on equilibrium output predicted by the Mundell-Fleming model under (i) flexible and (ii) fixed exchange rates.
Q2. Assume the government has imposed a cost ceiling on cellular phones. Which of the following events could transform the cost ceiling from one which is binding to one which is not binding?
Q3. Illustrate if I were to extend the deadline?
"ExxonMobil recently bought XTO energy. Analyze the reasons for and against the merger and assess the actual performance of the consolidated company against the pre-merger expectations.