Calculate the percentage change of each of these three components of M2 (not included in M1) from the most recent month of data available to the same time one year prior. Which component has the highest growth rate? Repeat the calculations using the data from January 2010 to the most recent month of data available, and compare your results. Use your answers to determine which grew faster: April April January 2014 2013 2010 Small Time 126 917 1510 Deposits Savings/MMDA 1241 1320 2310 Retail MMMF 967 1041 2814 Non-M1 M2 4537 3452 2310

Calculate the percentage change of each of these three components of M2 (not included in M1) from the most recent month of data available to the same time one year prior. Which component has the highest growth rate? Repeat the calculations using the data from January 2010 to the most recent month of data available, and compare your results. Use your answers to determine which grew faster: April April January 2014 2013 2010 Small Time 126 917 1510 Deposits Savings/MMDA 1241 1320 2310 Retail MMMF 967 1041 2814 Non-M1 M2 4537 3452 2310

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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