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Outline tools that a central bank can use when they are concerned that conventional tools may be inadequate. Be specific. Note: Such tools were used

Outline tools that a central bank can use when they are concerned that conventional tools may be inadequate. Be specific. Note: Such tools were used both in response to the financial crisis of the 2007-2009 and the pandemic related downturn in 2020. Assess the effectiveness of the unconventional policy and identify any concerns regarding their use with respect to federal reserve goals and the overall performance of the economy.

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