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5 . Following a policy meeting on March 1 9 , 2 0 0 9 , the Federal Reserve made an announcement that it would

5 .

Following a policy meeting on March

19, 2009,

the Federal Reserve made an announcement that it would purchase up to $

300

billion of longer

-

term.Treasury securities over the following six months. What effect might this policy have on the yield curve?

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