The table below shows hypothetical values, in billions of dollars, of different forms of money. a. Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year. 2019 2020 2021 2022
The table below shows hypothetical values, in billions of dollars, of different forms of money. a. Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year. 2019 2020 2021 2022
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![The table below shows hypothetical values, in billions of dollars, of different forms of money.
a. Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year.
A.
Currency
B. Money market mutual fund shares
Saving account deposits
Money market deposit accounts
Demand and checkable deposits
C.
D.
E.
F.
G.
H.
Small denomination time deposits
Traveler's checks
3-month treasury bills
2019
900
680
5,500
1,214
1,000
830
4
1,986
2020
920
681
5,780
1,245
972
861
4
2,374
2021
925
679
5,968
1,274
980
1,123
3
2,436
2022
931
688
6,105
1,329
993
1,566
2
2,502
b. Go to the web site of the St. Louis Federal Reserve Bank FRED database and find monthly data on seasonally adjusted measures of M1 and M2. Using the FRED graphing utility (not the EXCEL add-in), graph the annual
(year-over-year) growth rates of M1 and M2 for the sample period 1989-2019. Include your graph in your submission.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9955a998-f702-4ffa-a168-298101f82392%2F81e58675-fc1e-46d4-a1d7-7498aca8b1cb%2Fley5zj_processed.png&w=3840&q=75)
Transcribed Image Text:The table below shows hypothetical values, in billions of dollars, of different forms of money.
a. Use the table to calculate the M1 and M2 money supplies for each year, as well as the growth rates of the M1 and M2 money supplies from the previous year.
A.
Currency
B. Money market mutual fund shares
Saving account deposits
Money market deposit accounts
Demand and checkable deposits
C.
D.
E.
F.
G.
H.
Small denomination time deposits
Traveler's checks
3-month treasury bills
2019
900
680
5,500
1,214
1,000
830
4
1,986
2020
920
681
5,780
1,245
972
861
4
2,374
2021
925
679
5,968
1,274
980
1,123
3
2,436
2022
931
688
6,105
1,329
993
1,566
2
2,502
b. Go to the web site of the St. Louis Federal Reserve Bank FRED database and find monthly data on seasonally adjusted measures of M1 and M2. Using the FRED graphing utility (not the EXCEL add-in), graph the annual
(year-over-year) growth rates of M1 and M2 for the sample period 1989-2019. Include your graph in your submission.
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