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Quantative Easing question (20 points) Briefly describe about QE1. Using both AD-AS graph and Money market graph. Illustrate what happened after the...

Quantative Easing question (20 points)

·     Briefly describe about QE1.

·     Using both AD-AS graph and Money market graph. Illustrate what happened after the QE1 and QE2. Clearly denote all the vertical, horizontal axis, each curves as well as the equilibriums. 

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