3. Go to www.federa|reserve.gov and nd the M1 and M2 money supply for April, 2018 and April, 2019. Based on those numbers, answer the following question.? a) What was the M1 and M2 for April 2018 and April 2019? b) Why is M1 less than M2? c) If the M2 has increased, what could the Fed have done to increase the M2? If the M2 has decreased, what could the Fed have done to decrease the M2? (Hint: what can the Fed do to increaese or decrease the money supply?) 4. Suppose that you took out a student loan at a rate of 4.45%. Note that this rate is constant for the life of the loan. Next, suppose that at your first job after graduation, there are two possibilities: (i) the inflation rate is 2%, and your wages rise by 4% or (ii) the inflation rate is 3%, and your wages rise by 5%. (No, you certainly do not get a choice of inflation rates, but pretend that you can for the sake of exploring this important concept.) Briefly explain whether you would prefer the first or the second situation