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Business, 04.12.2019 06:31 ijustneedhelp29

Why, with the monetary policy tools it had used prior to the financial crisis, could the fed not control the federal funds rate?

(a) the fed would have needed to conduct a massive open market purchase of government securities.
(b) investor and consumer behavior was not conforming to normal patterns.
(c) using the tools the fed had available would have disrupted the financial system.
(d) reserves would have needed to be increased by too large an amount.

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