Refer to the data. Total fixed cost is:

An expansionary fiscal policy will lead to

a. higher interest rates, an appreciated dollar, and reduced net exports. b. higher interest rates, an appreciated dollar, and increased net exports. c. reduced interest rates, an appreciated dollar, and reduced net exports. d. reduced interest rates, an appreciated dollar, and increased net exports.

Define an economy. Illustrate with an example that the economic life of every individual is interconnected