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Read this article (https://www.bankofcanada.ca/2020/12/understanding-quantitative-easing/) about understanding quantitative easing and answer the following. a. How is this approach different from changing policy rate? b. How does

Read this article (https://www.bankofcanada.ca/2020/12/understanding-quantitative-easing/) about understanding quantitative easing and answer the following.

a. How is this approach different from changing policy rate?

b. How does asset purchasing programs affect bond prices and the bond yields?

c. How does asset purchasing programs change the balance sheet of the central bank?

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