Question
An economy has fallen into the liquidity trap and the central bank is buying large amounts of government bonds and doing forward guidance. Consequently, the
An economy has fallen into the liquidity trap and the central bank is buying large amounts of government bonds and doing forward guidance. Consequently, the central bank is ..... ?
A. doing Yield curve control policy (YCC)
B. doing Quantitative easing (QE)
C. monetizing the deficit
D. combining YCC and QE
E. not enough information to provide answer
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Macroeconomics
Authors: Paul Krugman, Robin Wells, Iris Au, Jack Parkinson
3rd Canadian edition
1319120083, 1319120085, 1319190111, 9781319190118, 978-1319120054
