Which of the following statements best reflects the macroeconomic policy trilemma? The macroeconomic policy trilemma suggests that countries can have complete control over their domestic interest rates, exchange rates, and inflation levels simultaneously. Nations can simultaneously achieve free capital flow, exchange rate stability, and independent monetary policies. The macroeconomic policy trilemma implies that nations must prioritize fixed exchange rates over independent monetary policies and open capital flows for economic stability. In the macroeconomic policy trilemma, countries are challenged to choose two of three policy goals: free capital flow, exchange rate stability, and independent monetary policies