Which of the following constitute the “impossible trinity”?
A. Fixed exchange rate
B. No budget deficit
C. Free international capital mobility
D. Independent monetary policy
E. Balance in the balance of payments
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JNU SIS 2020 Question 38: Open-economy macroeconomics
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What this question tests
This question is on The impossible trinity and exchange rate dynamics, part of Open-economy macroeconomics in International Economics.
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