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Question: quantitative easing refers to untraditional monetary policy in response to...

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Quantitative Easing refers to untraditional monetary policy in response to the housing crisis. Which of the following statements about QE is (are) FALSE:

US Debt as a percentage of US GDP has increased dramatically because of QE
The US FED sold government bonds to increase the money supply
The US FED was the only monetary system to use QE as a method to stabilize the financial markets

I
II
III
I, III II, III

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