• Which monetary aggregate would measure as part of the money supply of the U.S. economy cash in U.S. citizens hands, demand deposits (checking accounts), savings deposits at banks, certificates of deposit at banks, money market mutual funds and other items such as repurchase agreements. (Hint MX) (Do not list M3 or M4).
• . If the United States economy is in a recession or slowing down and the Federal Reserve implements a quantitative easing monetary policy. Would the Fed increase or decrease interest rates?