According to the standard IS-LM-FE model, a country with a fixed exchange rate can attain both internal and external balance by using an appropriate mix of monetary and fiscal policies, without resorting to devaluation or revaluation.

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In the IS-LM-FE model, a country with a fixed exchange rate can achieve internal and external balance by adjusting fiscal and monetary policies. Fiscal policy can influence domestic demand and output, while monetary policy can affect interest rates and capital flows, allowing the country to maintain the fixed exchange rate without devaluation or revaluation.

According to the Standard IS-LM-FE Model, a Country with a Fixed