Explain what is meant by the Unholy Trinity. Let’s assume that we live in a world in which capital cannot move freely across international borders, that is, we have instituted capital controls (which was the case during the Bretton Woods era). How does the Unholy Trinity help us explain why the United States could pursue a contractionary monetary policy (a reduction in the money supply) and France an expansionary monetary policy (an increase in the money supply) during the Bretton Woods era? What was likely to happen to the value of the dollar as a result of monetary expansion in response to the 2008–09 economic crisis in the United States? Justify your answers.