An article in the Wall Street Journal refers to Switzerland as​ "a small, open economy highly dependent on​ Europe." ​Source: Brian​ Blackstone, "As Swiss Economy​ Blooms, Central Bank Presents a​ Quandary," Wall Street Journal​, March​ 15, 2018. Is fiscal policy in Switzerland likely to be more or less effective than it would be in a less open​ economy? Briefly explain. A. Fiscal policy will have a larger impact on aggregate demand in an open economy than in a less open economy. B. Contractionary fiscal policy will be more effective in an open economy than in a less open economy. C. Expansionary fiscal policy will be more effective in an open economy than in a less open economy. D. Fiscal policy will have a smaller impact on aggregate demand in an open economy than in a less open economy.

two years ago, when picking flowers in the mountains back of yosemite valley, i found a book. it was blotted and storm-beaten; all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however; many of the inner pages were well preserved. and although all were more or less stained and torn, whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today; its granite pages have been torn and blurred by the same storms that wasted the castaway book.

two years ago, when picking flowers in the mountains back of yosemite valley; i found a book. it was blotted and storm-beaten, all of its outer pages were mealy and crumbly. the paper seemed to dissolve like the snow beneath which it had been buried, however, many of the inner pages were well preserved. and although all were more or less stained and torn; whole chapters were easily readable. this is the condition of the great open book of yosemite glaciers today, its granite pages have been torn and blurred by the same storms that wasted the castaway book.