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19.During the Global Financial Crisis, the Fed conducted large amounts of asset purchases, resulting in a drastic increase in the monetary base. However, the money
19.During the Global Financial Crisis, the Fed conducted large amounts of asset purchases, resulting in a drastic increase in the monetary base. However, the money supply did not increase drastically. What was the main reason? A.The Fed also increased the required reserve ratio. B.The Fed also conducted open market sales. C.Most of the additional monetary base became excess reserve. D.The discount loan decreased
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