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a. Briefly explain how quantitative easing (QE) differs from the traditional tools the Fed uses to conduct monetary policy. b.Briefly explain why the Fed had

a. Briefly explain how quantitative easing (QE) differs from the traditional tools the Fed uses to conduct monetary policy.

b.Briefly explain why the Fed had to rely on QE in the wake of the 2008 financial crisis and when the pandemic hit last year.

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