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6. (5 points) We have the following data from FRED, all in billions of dollars. An Excel version of this table can be downloaded on
6. (5 points) We have the following data from FRED, all in billions of dollars. An Excel version of this table can be downloaded on Canvas. Nominal GDP | Real GDP M1 MB | Reserve balances ' Currency in M1 14,715.1 16,915.2 | 1,373.4 | 837.2 14.9 760.6 21,902.4 20,951.1 | 4,008.4 | 3,426.5 1,630.1 s T 128 (a) (2 points) Compute for each year the following money aggregates: 1) currency in circulation (issued by the Fed); 2) vault cash (currency held by banks); 3) reserves; and 4) transactional deposits. (b) (1 point) Compute for each year the following: 1) M1 money multiplier; 2) velocity of money. (c) (2 points) Compute the average annual growth rate of MB, M1, real GDP, and the general price level measured by the GDP deflator
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