FRED QUESTIONS

M1FRED Code M1SLM2FRED Code: M2SLU.S. Population: FRED Code: Pop

1. a. What was the level of M2 in millions of dollars in December 2014? 11,692.7

b. Measured as $ per person, what was M2 per capita in December 2014?

c. Produce a graph showing monthly M2 per capita from December 2010 to May 2017.

2.Produce a graph showing annual M2 divided by annual M1 from 1987 to 2015. When this

ratio rises, M2 outpaces M1, and vice versa.

a. Which usually grows faster: M1 or M2?

b. What is the long-run pattern?

c.Is the pattern stable?