Question: Question 5 (5 marks) What monetary and macroprudential policy tools has the Reserve Bank of New Zealand used in response to the COVID-19 pandemic to

Question 5 (5 marks) What monetary and macroprudential policy tools has the Reserve Bank of New Zealand used in response to the COVID-19 pandemic to prevent an economic and financial crisis? Explain how these tools were used in response to COVID-19. (word limit 250 words)

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