Using data from the Federal Reserves Web site, compute the annual percentage change in M1 and M2

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Using data from the Federal Reserve’s Web site, compute the annual percentage change in M1 and M2 since 1980. Use the data to reproduce Figure 2.3 . Comment on the pattern over the last fi ve years. Would it matter which of the two monetary aggregates you looked at?

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Money Banking And Financial Markets

ISBN: 9780073375908

3rd Edition

Authors: Stephen Cecchetti, Kermit Schoenholtz

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