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Impossible Trinity refers to: No monetary policy independence under fixed exchange rate when capital is immobile No fiscal policy independence under flexible exchange rate when
- "Impossible Trinity" refers to:
- No monetary policy independence under fixed exchange rate when capital is immobile
- No fiscal policy independence under flexible exchange rate when capital is mobile
- No monetary policy independence under flexible exchange rate when capital is mobile
- No fiscal policy independence under fixed exchange rate when capital is mobile
- None of the above
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