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When it appeared that conventional Open Market Operations was not sufficient, monetary policy officials felt it was necessary to adopt quantitative easing as part of

When it appeared that conventional Open Market Operations was not sufficient, monetary policy officials felt it was necessary to adopt quantitative easing as part of the monetary policy mix during the 2008 real estate crisis in the US. Why? To support your argument(s) use the yield curve graph and show the before and after of the monetary policy initiatives.

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