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Which of the following is true relating to Operation Twist?
This was a fiscal policy aimed at reversing high government spending to lower taxes as an alternative fiscal stimulus.
Effort by the Federal Reserve to encourage more interest-sensitive consumption and less private sector investment, to help households.
An open market operation by the Federal Reserve to buy long-term government bonds that would lower longer term interest rates and encourage longer-term private investment.
An effort by the Federal Reserve to raise longer term interest rates to discourage fiscal deficits by making the cost of borrowing money higher to the Federal government.