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Quantitative easing is Multiple Choice expansion of the demand for aggregate reserves to drive down the IOER. asset purchases that shift the composition of the

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Quantitative easing is Multiple Choice expansion of the demand for aggregate reserves to drive down the IOER. asset purchases that shift the composition of the Fed's balance sheet. expansion of the supply of aggregate reserves beyond the amount needed to maintain the policy rate target. statements today about policy targets in the future

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