Under Fixed Rates, Which One of the Following Statements Is

Multiple Choice

Under fixed rates, which one of the following statements is the most accurate?

A) Fiscal policy can affect output, employment and international reserves at the same time.
B) Fiscal policy can affect only employment.
C) Fiscal policy can affect only international reserves.
D) Fiscal policy can affect only output and employment.
E) Fiscal employment can affect only output and international reserves.