What are the components of the trilemma that is encountered when a country chooses its monetary policy and what is the meaning of the term?
What will be an ideal response?
The components are (1 ) exchange rates, (2 ) domestic goals, and (3 ) international capital movements. The monetary trilemma (a three-part dilemma) exists because only two of the three components can be influenced by monetary policy.
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The number of employed persons plus the number of unemployed persons equals the number of persons
A) in the total population. B) in the civilian noninstitutional population. C) in the civilian labor force. D) not in the labor force. E) none of the above
Draw a graph of the monopolistic competitor in the long run in the graph below.
The government imposes a tax on imported wine. As a result, fewer individuals purchase imported wine. This is an example of tax
A. incidence. B. shifting. C. equity. D. evasion.
Price discrimination occurs only in monopolies
a. True b. False Indicate whether the statement is true or false