【曼昆 宏观经济学 经典】Mankiw 5e Chapter 12.pdfVIP

Mankiw 5e Chapter 12 The key difference between the IS-LM model and the Mundell-Fleming Model is that the A. Mundell-Fleming model does not take the price level as fixed. B. Mundell-Fleming model assumes a small open economy. C. Mundell-Fleming model stresses the interaction between markets different from those in the IS-LM model. D. Mundell-Fleming model is not used to evaluate monetary and fiscal policy effects. 1 out of 1 Correct. The answer is B. The key innovation that the Mundell-Fleming model makes is to assume a small open economy. See the introduction to C