Question: Please state whether the statement is True or False in the space provided below, and explain the reasoning behind your answer. It is possible to

Please state whether the statement is True or False in the space provided below, and explain the reasoning behind your answer.

It is possible to get partial grade for explanation, even if your T/F answer is incorrect. Incorrect answer with no explanation will draw a zero mark.

If the central bank is conducting price-setting monetary policy, hence, manipulating interest rates according to an interest rate rule, fiscal policy becomes ineffective.

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