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Go to the St. Louis Federal Reserve FRED database and find data on currency (CURRSL), demand deposits (DEMDEPSL), and other liquid deposits (MDLM). Calculate the
- Go to the St. Louis Federal Reserve FRED database and find data on currency (CURRSL), demand deposits (DEMDEPSL), and other liquid deposits (MDLM). Calculate the M1 money supply and calculate the percentage change in M1 and in each of the three components of M1 from the most recent month of data available to the same time one year prior. Which component has the highest growth rate? The lowest growth rates?
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