The Argument That It Is Not Possible to Have Simultaneously

question 36

Multiple Choice

The argument that it is not possible to have simultaneously a fixed exchange rate,a free flow of capital and an independent monetary system is referred to as the ____________.

• A)adjustment mechanism
• B)special role of the dollar
• C)impossible trinity argument
• D)distensible monetary system

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Definitions:

Behaviorism

A theory in psychology that emphasizes the importance of observable actions and behaviors over internal processes.

Experimental Method

is a research methodology where the researcher manipulates one variable and controls/randomizes the rest of the variables to study cause-and-effect relationships.

Cognitive Psychologist

A professional who studies mental processes including how people think, perceive, remember, and learn, often focusing on areas such as problem-solving, decision-making, and memory.

Cognitive Processes

The mental activities involved in acquiring, storing, and manipulating knowledge, such as perception, memory, and thinking.