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4. Monetary Policy (a) (i) Define Quantitative Easing (ii) Define Inflation Targeting (iii) The Fed can control both the size of the monetary base or

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4. Monetary Policy (a) (i) Define Quantitative Easing (ii) Define Inflation Targeting (iii) The Fed can control both the size of the monetary base or the price of its components. Is this statement true, false, or uncertain? Explain. (15 marks total)

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