What is the correct order of events following an expansionary monetary policy with a fixed exchange rate?A) Interest rate falls, investment and income rise, balance of payments worsens, money supplyfalls, monetary policy ineffectiveB) Interest rate falls, investment and income rise, current account improves, money supplyincreases to maintain fixed exchange rate, monetary policy effectiveC) Interest rate falls, investment and income rise, current account worsens, money supplyincreases to maintain fixed exchange rate, monetary policy effectiveD) Interest rate falls, investment and income rise, balance of payments improves, money supplyfalls, monetary policy ineffective
