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Question One: How does the transmission mechanism of monetary policy work? Discuss a few of the mechanisms or channels. Question Two: Discuss conventional and unconventional

Question One: How does the transmission mechanism of monetary policy work? Discuss a few of the mechanisms or channels.

Question Two: Discuss conventional and unconventional monetary policies. In answering this question be sure to mention concepts such as federal funds rate, operation twist, and quantitative easing.

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