Go to the St. Louis Federal Reserve FRED database, and find data on the M1 money supply (M1SL) and the 10-year U.S. treasury bond rate. For the M1 money supply indicator, adjust the units setting to Percent Change from Year Ago, and for the 10-year treasury bond, adjust the frequency setting to Quarterly. Download the data into a spreadsheet Create a scatter plot, with money growth on the horizontal axis and the 10-year treasury rate on

the vertical axis, from 2000:Q1 to the most recent quarter of data available. On the scatter plot, graph a fitted (regression) line of the data create a scatter plot comparing money growth from 2000:Q1 with the interest rate from 2001:Q1,

and so on, up to the most recent pairwise data available.

interpret the liquidity effect as it relates to the income, price-level, and expectedinflation effects.