6. A successful campaign of quantitative easing increases bond prices and decreases interest rates. Lower interest rates

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6. A successful campaign of quantitative easing increases bond prices and decreases interest rates. Lower interest rates increase the value of real estate and stocks as well as bonds. Given that the wealthy own real estate, stocks, and bonds, how might quantitative easing worsen income inequality?

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Macroeconomics

ISBN: 125389

3rd Global Edition

Authors: Daron Acemoglu ,David Laibson ,John List

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