For each statement agree or disagree and explain

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gvolgvof

Economics

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1. Inelastic demand for loanable funds, with respect to interest rates, could render monetary policy less effective than theory might suggest.

2. Macro policy choices of other nations probably do not affect the real GDP of the U.S.

3. Fiscal austerity in Europe is of comparatively little interest to the CEA or the FOMC.

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