The "Impossible Trinity" Refers to the Idea That a Country

question 64

Essay

The "impossible trinity" refers to the idea that a country can simultaneously pursue only two of the three following policies: free international-capital flows, monetary policy for domestic stabilization, and a fixed exchange rate. For each of the following combinations indicate what the economy gives up by selecting the combination and why the omitted policy cannot be achieved: a. a fixed exchange rate and free internati onal -capital flows
b. a monetary policy for domestic stabilization and a fixed exchange rate
c. a monetary policy for domestic stabilization and free international-capital flows

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Definitions:

Gender Stereotyping

The generalized views and preconceived ideas about attributes, roles, and behaviors of males and females, often leading to discrimination and inequality.

Gender Roles

The social and behavioral norms that are considered appropriate for individuals of a certain gender within a specific culture.

Gender Preparation

The social process through which individuals are taught and learn gender roles and expectations, often according to societal norms associated with their sex.

George Herbert Mead

An American sociologist and philosopher known for his contributions to the development of the symbolic interactionism perspective in sociology.