Quantitative easing (QE) is an unconventional monetary policy used by central banks to stimulate the
national economy. A central bank (36) _____ QE by purchasing financial assets from banks and other
private (37) _____ businesses with new electronically created money. QE may cause higher inflation than
desired if the amount of easing required is (38) _____. On the other hand, it can fail if banks remain
reluctant to lend money to small business and households in order to spur (39) _____. Also, inflationary
pressures associated (40) _____ money growth from QE could build before the central bank acts to counter
them.
【題組】38. (A) oversimplified (B) overestimated (C) uncalculated (D) disqualified
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