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Suppose the US is in a liquidity trap and the EU is not. The US Fed...

Suppose the US is in a liquidity trap and the EU is not. The US Fed temporarily buys euro-denominated bonds from the public using US dollars and at the same time the European Central Bank sells euro-denominated bonds using euros. What happens to the exchange rate and US output? Does the US get out of the liquidity trap? Why or why not?

A graph explanation is needed!

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