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Construct a scatter plot of M1 against real GDP for the period 1959-2018. a) Is there a positive or negative correlation in the scatter plot.

Construct a scatter plot of M1 against real GDP for the period 1959-2018.

a) Is there a positive or negative correlation in the scatter plot.

b) Is the correlation you observed in part (a) evidence that money is not neutral? Why or why not?

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