Quantitativeeasing (QE) is an unconventionalmonetarypolicyused by centralbanks to stimulate the
nationaleconomy. A centralbank (36) _____ QE by purchasingfinancialassetsfrombanks and otherprivate (37) _____ businesseswith new electronicallycreatedmoney. QE may causehigherinflationthandesired if the amount of easingrequired is (38) _____. On the otherhand, it can fail if banksremainreluctant to lendmoney to smallbusiness and households in order to spur (39) _____. Also, inflationarypressuresassociated (40) _____ moneygrowthfrom QE couldbuildbefore the centralbankacts to counterthem.
【題組】38. (A) oversimplified (B) overestimated (C) uncalculated (D) disqualified