the U.S. economy in over half a century

The end of 2008 marked the sin" rel="nofollow">ingle worst quarter for the U.S. economy in" rel="nofollow">in over half a century. Real GDP declin" rel="nofollow">ined by 8.9%, and the unemployment rate was ratchetin" rel="nofollow">ing upward. In November 2008, hopin" rel="nofollow">ing that more money would stimulate the economy, the Federal Reserve determin" rel="nofollow">ined that it should take additional measures to in" rel="nofollow">increase the money supply. The method it chose is a new variety of open market operations know as quantitative easin" rel="nofollow">ing. 1. discuss how quantitative easin" rel="nofollow">ing differs from typical open market operations in" rel="nofollow">in the United States. 2. explain" rel="nofollow">in how the Federal Reserve Bank implemented this quantitative easin" rel="nofollow">ing, i.e. the scope, size, and timelin" rel="nofollow">ine of the implementation. 3. Did the quantitative easin" rel="nofollow">ing work as planned i.e., to provide fund and confidence to pull the U.S. economy out of recession, keep in" rel="nofollow">interest rates low to revive the housin" rel="nofollow">ing market and to make more credit available? (NO CITATION PLEASE)