a.?? ?What is
?quantitative easing?? (Hint: see P.911 of textbook). (1 mark)
b.??? Why did Britain, the USA, Japan, the European Monetary Union and others embark on it in early 2009 but not Australia? (2 marks)
c.??? ?What is the one great fear of quantitative easing? You must use the quantity equation to support your argument. (3 marks)
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