A country with an open economy has falling demand for exports. Consider the view that monetary policy alone will solve this problem.

10.3.1.1 fiscal policy including Laffer curve analysis

10.3.1.2 monetary policy

10.3.1.3 supply-side policy including market-based and interventionist policies

10.3.1.4 exchange rate policy

10.3.1.5 international trade policy

5.3.4 AD/AS analysis of the impact of expansionary and contractionary monetary policy on the equilibrium national income and the level of real output, the price level and employment

6.4.5 AD/AS analysis of the impact of exchange rate changes on the domestic economy’s equilibrium national income and the level of real output, the price level and employment