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Quantitative easing is Multiple Choice expansion of the demand for aggregate reserves to drive down the IOER. expansion of the supply of aggregate reserves beyond
Quantitative easing is Multiple Choice expansion of the demand for aggregate reserves to drive down the IOER. 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. asset purchases that shift the composition of the Fed's balance sheet
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