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Q2. a) Explain and compare quantitative easing and credit easing. In your answer, explain the differences between these non-traditional monetary policy actions and traditional monetary

Q2. a) Explain and compare quantitative easing and credit easing. In your answer, explain the differences between these non-traditional monetary policy actions and traditional monetary policy.

b) Why might an economy explore the use of quantitative easing rather than employing fiscal policy or traditional monetary policy.

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