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    Exam 15: Exchange Rates II: the Asset Approach in the Short Run
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    In Your Own Words, Explain the Essence of the Trilemma
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In Your Own Words, Explain the Essence of the Trilemma

Question 121

Question 121

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In your own words, explain the essence of the trilemma. Why can't a country with fixed exchange rates and capital mobility maintain autonomy?

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Answered by ExamLex AI

The trilemma, also known as the impossib...

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