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1.Distinguish between the following: (Answer should be at least one paragraph for each part). a.Strong vs. Weak effects of monetary policy b.Subprime mortgage market vs.

1.Distinguish between the following: (Answer should be at least one paragraph for each part).

a.Strong vs. Weak effects of monetary policy

b.Subprime mortgage market vs. mortgage backed securities

c.Mismatch vs. cyclical unemployment

d.Budget deficit vs. trade deficit

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