1. Go to www.federalreserve.gov/releases/h6/Current/. a. What has been the growth rate in M1 and M2 over the...

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1. Go to www.federalreserve.gov/releases/h6/Current/.

a. What has been the growth rate in M1 and M2 over the last twelve months?

b. From what you know about the state of the econ- omy, does this seem expansionary or restrictive?

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