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Solve the following problem using Python, implementing the functions described below, one line at a time
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Description:
 def _handle_response(self, response):
 """Logs dropped chunks and updates dynamic settings"""

        if isinstance(response, Exception):
            logging.error("dropped chunk %s" % response)
        elif response.json().get("limits"):
            parsed = response.json()
            self._api.dynamic_settings.update(parsed["limits"])