Initially, quantitative easing was not much help in creating economic growth because

Select one:

a.

banks did not lend out the excess reserves that were created by quantitative easing.

b.

the Federal Reserve also increased the required reserve ratio so additional reserves were not available for lending.

c.

the Federal government began to cut spending, which counteracted the expansionary monetary policy.

d.

the expansion of the monetary base was inflationary.

Answer rating: 100% (QA)

The detailed answer for the above question is provided below Out of the options presentedthe most li... View the full answer