5. Faced with the policy trilemma, if the U.S. has an independent monetary policy and is open to capital flows, it must have a 3 For question 6 , the base value of the price level, P=1 (not 100). 6. Assume the following: M=10000V=4Y=10,000 What is P?= 7. Assume the following %M=1%%V=0%%Y=5% What is ? 5. Faced with the policy trilemma, if the U.S. has an independent monetary policy and is open to capital flows, it must have a 3 For question 6 , the base value of the price level, P=1 (not 100). 6. Assume the following: M=10000V=4Y=10,000 What is P?= 7. Assume the following %M=1%%V=0%%Y=5% What is