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In Mid-November of 2010 the Federal Reserve Announced Its Plans

Question 62

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In mid-November of 2010 the Federal Reserve announced its plans to purchase $600 billion worth of new government debt. Critics argued that this would create inflation and lower the value of the dollar. Why do you suppose many of our trading partners were also disheartened by this move?

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A cheaper dollar makes U.S. goods more c...

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