Why is domestic monetary policy ineffective in an open economy under a fixed exc

Why is domestic monetary policy ineffective in an open economy under a fixed exchange rate regime? Provide your explanations and definitions in detail and be precise. Explain in your own words. Provide references for content when necessary. Support your statements with peer-reviewed in-text citation(s) and reference(s).50o words, APA format and references within 5 years .doc file | APA | Discussion | 2 pages, Double spaced

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