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The third round of quantitative easing, known as QE3, decided upon by the Federal Reserve in December, may have contributed to the view that its policy was too stimulative, the NABE said. Among other issues, more economists now believe the Obama administration should approve the construction of the Keystone XL pipeline, which would transport oil from Canada to refineries on the Gulf Coast of the U.S. The percentage supporting such a plan grew to 78 percent in the latest poll, up from 69 percent previously. About 52 percent believed that national regulations over a type of gas drilling known as hydraulic fracturing, or "fracking," should be enacted, while 51 percent said the government should continue to subsidize the development of alternative energy sources such as wind and solar power. The economists also had a better view of the troubles facing the euro zone, with 76 percent saying all 17 members of the European Monetary Union will still be members a year from now, compared to 47 percent who said so in the September survey.
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