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True or False, explanation needed. 3. Short term interest rates are procyclical economic indicators. 4. Policymakers rely on real-time estimates of output gap to make

True or False, explanation needed.

3. Short term interest rates are procyclical economic indicators.

4. Policymakers rely on real-time estimates of output gap to make policy more timely and precise.

5. Fiscal multipliers are usually less than one.

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