The Net Export Crowding Out Effect Refers to a Situation

Multiple Choice

The net export crowding out effect refers to a situation in which

A) a fiscal expansion causes the local currency to appreciate,reducing the net exports.
B) a fiscal contraction causes the local currency to depreciate,reducing the net exports.
C) a monetary expansion causes the local currency to appreciate,reducing the net exports.
D) a monetary expansion causes the local currency to depreciate,increasing the net exports.